YO! Welcome Stockmaker. NIHD is in cardiac arrest.
Post# of 2559
Posted On: 11/18/2013 7:53:34 PM
Re: stockmaker #586
YO! Welcome Stockmaker. NIHD is in cardiac arrest. Stat! Code Blue!
Ok, all joking aside, I have no idea what NIHD does or what is causing the collapse in share price both on the shorter term Daily chart and the long term view of the Weekly chart. On the Daily, the stock is very oversold but still collapsing. I've never seen the FullSto with a read of 1.46 before. I'm also surprised that the RSI is still at 20.95. A quick look at the Weekly shows NIHD having fallen from over $44/share to a low of $2.56 today. Without knowing anything about the financials, all the chart is telling me is to stay on the sidelines until the bleeding is over and the chart begins to show a bottom has been established. No one can predict where a bottom will occur until it's been put in. I see no support levels anywhere in sight unless I go all the way back to 2003, when the company went public. Any idea why this stock is disintegrating while falling from above?
Ok, all joking aside, I have no idea what NIHD does or what is causing the collapse in share price both on the shorter term Daily chart and the long term view of the Weekly chart. On the Daily, the stock is very oversold but still collapsing. I've never seen the FullSto with a read of 1.46 before. I'm also surprised that the RSI is still at 20.95. A quick look at the Weekly shows NIHD having fallen from over $44/share to a low of $2.56 today. Without knowing anything about the financials, all the chart is telling me is to stay on the sidelines until the bleeding is over and the chart begins to show a bottom has been established. No one can predict where a bottom will occur until it's been put in. I see no support levels anywhere in sight unless I go all the way back to 2003, when the company went public. Any idea why this stock is disintegrating while falling from above?
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