looked like a clean break on volume Dylan, with a nice W bottom. it's another clear reversal attempt, with the higher low and high
but we've been here before, so i'm gonna hedge my bets this time, and give two possible ST outcomes (neither of which will matter that much once we know what the financing deal looks like).
on pure technicals, i am thinking either a blitz run to 33-35c, where there will be some resistance, or else a backtest of 20-22c to close up that gap.
if we do the former, i will probably be taking some profits at 35c before seeing what happens next. if we do the latter, and bounce off the low twenties, i think i will be buying up big time.
RHM Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
