RHC - The trend is your friend

Hey guys welcome back, as promised here is the first of three charts I have this weeks. Give me a follow if your liking the charts so far. Thumbs up and comments are also appreciated.

I have broken the chart down into a general reversal situation. Sell off. Accumulation. Breakout. Retest. Continuation of larger trend.

With that being said I believe RHC is pushing to make a new all time high. With a previous break out after the accumulation and a strong reaction during the retest I think we have the perfect recipe for at the very least a challenge of the all time high. I believe at the current situation that this has a high probability. Over all trend is bullish and the outlook on the company is looking promising. More to follow over the next few months.

Accumulation phases consist of side ways movement generally after a large retracement from either direction. This phase is a visual accumulation of the share on a large scale. These phase can last for months and years and are generally slow however present excellent opportunities for the average investor (ride the trend).


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