On news after the trading halt with trading resumed. Following may summarise it’s price action behaviour : Despite the fact that NHL closed at the bottom part of it’s daily range bar of today it had given us the highest close since 22/11/2017 ( candle shown on the chart).This is very significant since there were less volume than the prior active session(05/12/2017) and a higher close. It tells me that buyers are biding higher for a parcel and sellers diminishing.
Short term support at 4.2 cents followed by 4 cents and 3.6 cents may be worth noting.
As for resistance current levels as a zone ( 5- 5.6 cents) may be worth noting. If this level is taken out decisively NHL may be headed to the races.
With support and resistance levels known ( please also note the 50 and 200 day SMA levels as support) it is a waiting game for me.
OBV at the bottom window also a BULL.
Liquidity may be an issue which may also be worth noting.
Disclosure : NHL held.
Over the days ahead, I will cover GSW ( again at trading halt and capital raising this time!) which I am also a holder of.
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