We called this one correctly again and it has done well, having broken out upside from its bull Flag after we bought back into it
, and we are up over 28% in a week. Now supercritically overbought again so considered prudent to TAKE PROFITS
in the early trade this coming Monday, when, with a bit of luck, it will open higher, and perhaps drop back later in the day. The fundamentals of this company are great, but as we have found to our cost on occasion, that won’t necessarily stop it reacting back when investors suffer from a mood swing. In any case, we can always buy it back on a reaction if it looks promising again, if there is one.
Helius Medical Technologies website
Helius Medical Technologies Inc, HSM.TSX, HSDT on OTC, closed at C$4.50, $3.56 on 6th October 17.
Posted at 5.30 am EDT on 8th October 17.