RHE Another accumulation, further rise. In previous analyses I have closely followed the price movement of RHE shares. My analyses are technical in nature, based mainly on wave sequence and fractal analyses, but also on the fair value of the company's shares. The fair values are above 78 usd and no decrease is currently in sight. Let us return to the technical analysis. Today we have a significant rise of almost 100%. If we look at the fair value, the shares are still strongly undervalued. Their upside potential could be significant. Today's major rise is followed by an accumulation phase ,with a bottom at 27% from the local peak. Therefore, 11.07 usd level could be the support level. From this level I expect further upside. The amplitude of the rising wave sequence is 153%. Therefore the next target price could be : 28.52 usd.
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Based on the financial data received today, the fair value of RHE shares rose to 107.3 usd.
I got no luck. Yesterday gain 1k today lost more than 2k.haha... But good try for me. Thank you Steve.
meszaros
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@DORNGO70,
I am very sorry. This is a rather difficult stock. It's almost an impulse move, very volatile. Therefore I do not daytrade or swing trade it. I simply buy it as a physical stock. When it reaches my target price I sell it.
DNinvest
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@meszaros no worries at all. I'm thankful for your advice. I will buy back when it's good time.
DNinvest
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I bought back some. So now lost lower to 470 usd. Thankful but still dare not hold as my SOS stuck with 20 over thousands. Joining the case hopeful can recover some back haha... Thanks Steve.please write more. So i can slowly gain back confident in shares.
meszaros
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@DORNGO70, 👍😀
meszaros
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@DORNGO70,
Thank you for your encouragement. I will not write more than that because such an analysis involves hours of calculations. I won't describe them here, but just give you the final result, through some simplified diagrams. There is no need for more extensive analyses on social media.
DNinvest
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@meszaros I see its in the 15$ now. I'm not sure if it will go up still... Really an idiot in shares. 🤣😅What's your advise?
meszaros
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@DORNGO70,
I agree with you. It is very difficult to get into this share. Right now I expect it to accumulate at current levels and continue to rise from there. If I had to enter from this level, I would definitely wait for a 15 minute upward closing candle. I would then move into a LONG position. 1 year ago the fair value of the stock was 56 usd. The analysts at WALLMINE had a target price of 78 usd back then. Since then, so much has changed that the fair value of RHE stock has increased to 93.6 usd, although WALLMINE's 1-year target price still remains at 78 usd. Therefore, my current view is that somewhere between usd 78-93 is the correct target price choice. If we manage to find a good entry, we will have to wait. Because if fair value continues to rise, then the target price could rise further.
DNinvest
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@meszaros oh I see.. Ok. Another lesson for me, so helpful! Thank you so much Steve
mjsmith2
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Hi Steve, once again a big thank you a great trade prediction. Well done. Mike