Friday, May 25, 2012 3:02:56 PM
For example, in the last 4 days we saw a higher high at .14, and a higher low at .10 (the previous low was at .0840)If this mini-rally continues that was the first leg.
For example, looking at the ERHE rally of 2009 on a weekly chart (below) we see a series of higher highs, which I have marked with red arrows, and higher lows, which I have marked with green arrows.
Notice that when the rally was over, we then saw lower highs, which I marked with two yellow arrows, and lower lows, which I marked with two blue arrows.
The first of these were a warning sign that the up-trend rally was over and a down-trend sell-off was beginning. (There was one higher low during the initial decline, but it was followed by a much lower high and a much lower low. The subsequent dead-cat-bounce rally in 2010 wasn't confirmed with a higher low, and was followed by a plunge.)
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/28/2023 05:35:35 PM
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ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
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Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM