mazer_rackham
Short

Where is proper buy point for NHTC?

NASDAQ:NHTC   NATURAL HEALTH TRENDS CORP - COMMN STOCK
So questions for discussion would be... comments please...

1. What was the proper buy point?
2. How big of a base is still valid?

I wanted to get in on this company, but it looks like good time to wait until it returns to a normal level. $12.50 to 15 is about how far it should fall and still be considered likely to resume in the uptrend, but of course it could go lower. With this type of strong sell off today, it's likely to take on a long basing time frame maybe 3- 6 months.

This is an IBD company so we should stay on the look out for his next recommended buy point. If it lingers around the $15 level for a month or 6 weeks, it may have found support there, and a break out of that lower horizontal range is what I'd want to look for. His buy point would be higher and even would consider this an invalid base it it drops more than 33% from $25 I believe... He would want to wait for a narrower base to form, maybe 12.5% from most recent peak. That way if a company gives a false breakout the handle it would form on its retrace would stay form in the top 50% of the base and not break your 7% max stop loss.

I'm curious what his buy point was before, perhaps on the break of the second base in early March from the early Dec highs?
--> Double bottom base = 13.03 buy point

Or was it potentially the last red weekly candle at the end of Feb? Perhaps that last little candle was the handle of he cup...
-->Cup w/ handle base = 14.05 buy point

Either way its a 25% base from peak at 13.95 to 10.40.

So questions for discussion would be... comments please...
What was the proper buy point and how big of a base is still valid?
http://finviz.com/publish/041615/NHTCc0wl1312.png
weekly chart I was referring to...
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out