NUH - Charts, page-1622

Morning all,

Difficult chart to read for me, with the descending triangle now in play. The lower horizontal line ($0.08) is weak by itself, with that line formed from low points on consecutive sessions (21st & 22nd May)...too close together?
It is made stronger as a support line though, as it is near enough to where the 200 EMA sits ($0.081).

That 10% dump on the 21st was when the symmetrical pennant broke, and aligned with that trendiest of EMA's, the 13/48 performing a 'deathcross'. (NB: It did reassuringly find good support at the 200 EMA)

As we get nearer the pointy bit, it clearly just comes down to how the quarterly is adopted by the market. Personally i doubt with a MCap @ ~$75m, those holding open shorts will want to be too aggressive from here.



Session volumes trending lower / RSI effectively mid-point.
I'd say positions for now are largely set while we await some numbers.

GLA.