Short Term Trading Weekend Lounge: 7 -9 Apr, page-37

STTCOMP NUH, TA LONG
Current SP 7.4c
MC $51.2m
Cash $5m+

Nuheara is an innovative audio Wearables company. It has developed proprietary hardware and software to deliver multi-functional intelligent hearing technology that augments a user’s hearing and facilitates cable-free connection to smart devices. With Nuheara’s IQbuds™, consumers are able to augment their hearing according to their personal hearing preferences and connect hands-free with their voice-enabled smart devices.

The IQ Buds have been independently reviewed as the best in the market, beating the Apple Airpods.

A capital raising was recently completed at 8 cents to fund production growth (with an SPP at the same price) so now there is an opportunity to purchase on market at a discount.

TA wise NUH has now retraced 50% from the all time high of 14.5c in January and is also now oversold with an RSI today going below 30 for the first time since last August (which was followed by a significant bounce).

The bottom may be in or is likely almost in IMO.

In the next month I see a strong likelihood of a rebound to at least 10 cents and possibly higher tests of resistance at 11.5/12 cents.

NUH has been tipped in the past by PPP and once they have fully reloaded they will likely tip it again which should see a random large gap up.