FYI I believe the 50% Fib retrace is not as strong a technical measure as the .382 and .618. My interpretation of the below is that, since the recent high, the .382 pullback got breached but then retaliated as it often does, however this couldn't hold with support and has since fallen further. while it is hovering around the 50% mark which is consistent with it's previous pattern on the way up, the .618 retrace is of more interest to me. if this doesn't hold, i suspect the share price may even fall to below the 200 day MA by which time the RSI should be well oversold - as it was around 2021-11 and 2022-07 - and this may be a better accumulation entry.
all IMO.
NHC Price at posting:
$5.32 Sentiment: Hold Disclosure: Held
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