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Short Term Trading Weekend Lounge: 7 -9 Apr, page-52

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Jayza1988

736 Posts.

16

07/04/17

19:17

Post #: 23945328
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Originally posted by Waldo777 ↑

They all look weak before they turn strong! Hahaha

Yes, I agree it did close poorly but my chart analysis shows there should be strong support at 7.2c and then 7c. I suspect it will open at 7.5 on Monday and then who knows it all depends on if the big seller rocks up again. Coupled with the RSI going under 30 and the 50% retracement, I do think there will be a bounce very soon.

If I was purely going on TA, perhaps I wouldn't be going in big on NUH just yet. But coupled with the extremely good FA (IMO) I have gone in huge this week below 8 cents. I just can't see better FA elsewhere right now. I guess it's mainly a 4-26 week hold minimum though at this stage and certainly not a day trade just yet.

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FA + TA = $
4 Upvote

0 Great analysis

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