meszaros

RHE accumulation with a 17% drop.

AMEX:RHE   Regional Health Properties, Inc.

RHE accumulation with a 17% drop. A technical correction may be ahead for the RHE price movement. Nevertheless, there is no reason to panic. It can be seen that an accumulation range is being built. Its width could be twice the size of the previous accumulation fractal shown in the chart. The lower level of the correction could be around 14.60 usd. This is an additional 11% from the current level. I expect a very dynamic rise thereafter. The percentage size of the rise could be close to 200%. Therefore the next target price is : 43.16 usd

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