Here’s a daily and a weekly chart of NIHD for Jack. Like many other stocks right now, the long term trend is bullish but the intermediate and short-term trends are down. If I wasn’t already in it I’d be in no rush to buy as long as that downward sloping trend channel is still in effect.
The weekly chart shows that NIHD could pull back to the mid 40s and still be in a long-term uptrend. The bottom of the weekly channel would be a great entry point for long-term “investors”:
