NFTRH+; This Stock is Dropping to a 62% Fib & Support

Sometimes NFTRH+ will see a chart and post it. End of story. I depend on you to do all of your own due diligence or completely ignore posts like this as you will. This is a speculative stock that normally I would not highlight but I had a recent successful trade in it and heard from a subscriber who watched the Trade Log that he got a great trade out of it as well. We can have fun sometimes, can’t we? Yes, but only if I depend on you to know your risk tolerance and to do your own fundamental research.

Another example is DVAX, which I bought just yesterday and noted in the Trade Log. It has exploded today by 20%. I could have done an update to show the technical setup that I mentioned in the TL. It’s just that at some point I start to feel like a casino patron gambler if I get too far from NFTRH’s core missions. But on occasion maybe we can just do chart setups without judgement. Just FWIW and with the understanding that readers take their own responsibility and don’t just do what the faulty trader known as Gary does.

Preamble done, we look at CWBHF (CWEB.TO). I bought it on a hunch and a little chart hint, watched it climb 50% in a few days and sold out. I of course have re-started a position too soon. But the add area looks like where the 62% Fib retrace (5.14) meets the EMA 20 (5.10) and lateral support. FYI for anyone with an interest. Assuming stable markets, I will add below 5.20 if possible.

cwbhf

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.