AMEX:RHE   Regional Health Properties, Inc.

RHE What's next ? Undoubtedly one of the most mentioned stocks on social media is Regional Health Properties Inc. One of the best performing stocks in recent times. What you see on the chart. Currently the stock is moving in an accumulation area. The magnitude of the 10% correction is not surprising, as on an uptrend the price movement is 8-10x that. If you look a little closer at the chart you can see that it is moving in an extremely regular way. We see the completion of a 3 wave sequence in the current accumulation range. It can also be seen that the rise may continue. This can be deduced from the phenomenon that the size of the first accumulation range (red square) and the second accumulation range (red square) are the same in percentage terms but double in points. This suggests a fractal. If we see the formation of a fractal, we can easily identify the target price for the second rise. Its value is 98 usd. Note that the fair value of the company's stock is 106.48 usd.

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