To All Who Care:
For anyone interested there are two good web sites that I found with much information about Technical analysis and/or you can get free charts of your fav stocks. Go to traders.com for TA stuff then go to investtools.com. This site is maintained by Charles Scwab, but you dont have to have an account to get charts.
Now, I am not short or long this stock, but I feel that people on this site are giving such glowing recommendations of this company and I can not for the life of me find any reason for this. BEWARE what is written on the Internet. Go read the financials for yourself. I am not arguing with anyone about this company. Read, do your research. There is no Santa Claus and you won't find a pot of gold at the end of a rainbow. If you want to invest without reading and researching, save your money and just buy lottery tickets or go gambling, because that is what you are doing. If necessary, I will be glad to write up the balance sheet for this company so that no one goes in with their heads in the sand unless they want to.
Now I promised some of you who care that I would report on the technical aspects of investing in NHMCF. I looked at NHMCF using OMEGA software. The following indicators were used: 3 month moving averages; Bollinger Bands; CCI average Indicator; DMI - Directional Movement Indicator; MACD - Moving Average Converg Divergent; Momentum; OBV - On Balance Volume; Parabolic Indicator and RSI - Relative Strength.
3 Month Average is extremely Bullish Short Term, BUT Bearish Long Term. Could be a good opportunity for short sellers (not me)
Bollinger Bands: Indicate that there is an overbought Market. Price closes are nearer to top price then the bottom. Volatility is picking up a bit and may continue to be overbought before reversing.
CCI average is neutral.
DMI is Bullish
MACD is in Bearish territory, but there could be a short term rally soon.
Momentum is showing an oversold market. Long term trend the moving average is UP,(Bullish) but the short term moving average is DOWN (Bearish).
On Balance Volume: Long term trend is UP, and Short Term trend is Up(ie: there is alot of buyers and sellers)
Parabolic Indicator has issued a Bearish signal.
RSI is somewhat overbought. This is really neutral.
In conclusion: the charts really don't cleanly tell us what to do. Based on the financials, I would not buy this stock and the technicals are not indicating strong sentiment either way. Good Luck to all who invest here.
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