Short Term Trading Week Starting: 27 July, page-93

STTCOMP NHO, TA LONG


Very similar technical setup to what we saw with EMG recently

1. Long sideways intital period with no volume and no interest = 2014
2. Sudden pick up in price and interest= Mar-June
3. High volume breakout through resistance followed by a pullback with further accumulation = now
4. A breakout on higher volume over 2c = coming





Exact same thing happened on EMG a few weeks back following which it then broke out over 2c to 2.6c highs

1. Long sideways intital period with no volume and no interest = 2014 and early 2015
2. Sudden pick up in price and interest= May-July
3. High volume breakout through resistance followed by a pullback with further accumulation = few weeks ago
4. A breakout on higher volume over 2c towards 3c = now





I expect to see NHO over 2c soon and with the company reviewing technology investments recently this seems almost a no brainer imo