the backtest of 26c is what i'm after for a re-entry.
interesting that the last time the SP crossed a prolonged downtrending 50DMA below the 200DMA was way back on 22May09.
the share price was then 4c and went on to make the 1600% gain over 2 years that at least one notable norwegian blue parrot hater complained about as being too little and too slow.
whatever the case, the next upleg forms the 1st in a new elliot wave. knowing how predictably this chart tends to move, i would expect a nice long upleg here, 49c not an unreasonable 2nd leg swing point
also, if the board can come good on their word re: timelines, i may well hang on for the long haul this time around
RHM Price at posting:
27.0¢ Sentiment: Buy Disclosure: Not Held
