RHT 2.63% 18.5¢ resonance health limited

Damn, it's struggling to hold the 20c psychological support....

  1. 1,432 Posts.
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    Damn, it's struggling to hold the 20c psychological support. Even more, it appears we are getting a lower high and lower low pattern on the daily chart. It appears the sellers are in control for sometime at least, especially considering there will be many holders who bought quite high and are keen to offload their bags. I will continue to hold as I like the fundamentals, but from a technical perspective I am looking at a return to the 15c support range. At this price I will add to my position, but no higher as the risk outweighs the reward at current prices unfortunately. GL holders.

    https://hotcopper.com.au/data/attachments/3069/3069935-2b55697281c174ab2500f3d1e368dca7.jpg
    Figure 1: Daily chart showing LHLL pattern (top range discounted for FOMO lol). Looks like a return to 15c support which is extremely strong.
 
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Last trade - 15.07pm 14/05/2021 (20 minute delay) ?
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