Technological analyst Clive Maund opinions the 1-calendar year chart for Reliq Health and fitness Systems to inform you whether or not he thinks it is a Acquire.
We caught a ideal obtain place when we went for Marketplace Notebook update), as ideal just after, it proceeded to split out of a very huge Head-and-Shoulders bottom to increase fairly steeply.at the get started of the month (it was suggested in a
This resulted in excellent percentage gains for us in a limited space of time.
The reason of this update is to stage out that it nevertheless appears to be superior listed here and, in point, is at one more obtain location as it is starting off to break out of a completing bull Flag that has fashioned about the past few of weeks, as we can see on its latest 1-12 months chart down below.
Yesterday would have been the perfect time to get, of program, simply because it ended up introducing $.04 by the conclusion of the working day, but it however appears to be fantastic below, as a breakout from the Flag really should guide to a rally of similar magnitude to the a person preceding the Flag.
We, hence, stay extensive, and this is a very good stage to increase to positions or make new purchases. Reliq trades in acceptable volumes on the US OTC market place.
Reliq Well being Tech closed at CA$.71, $.54 on November 21, 2022.
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The previously mentioned signifies the view and evaluation of Mr. Maund, primarily based on data readily available to him, at the time of creating. Mr. Maund’s views are his possess, and are not a advice or an supply to purchase or market securities. Mr. Maund is an impartial analyst who receives no payment of any variety from any teams, men and women or corporations mentioned in his studies. As trading and investing in any economical marketplaces may perhaps entail critical threat of reduction, Mr. Maund recommends that you seek the advice of with a experienced investment decision advisor, 1 licensed by suitable regulatory organizations in your legal jurisdiction and do your very own owing diligence and research when earning any type of a transaction with economic ramifications. Even though a skilled and seasoned stock marketplace analyst, Clive Maund is not a Registered Securities Advisor. For that reason Mr. Maund’s thoughts on the market place and shares can only be construed as a solicitation to obtain and market securities when they are topic to the prior approval and endorsement of a Registered Securities Advisor working in accordance with the ideal rules in your region of jurisdiction.
1) Clive Maund: I, or associates of my quick domestic or spouse and children, very own securities of the pursuing businesses mentioned in this short article: None. I individually am, or associates of my quick house or family members are, paid by the adhering to organizations pointed out in this article: None.
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