NHL Update.

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.

On a different note, if anyone is experiencing any issues with the website (security or otherwise) please let me know by return email to this post. Thanks H for the email received and will look into the issue.

nhl07122017

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