RHT pulled back after hours and after earnings to test 77 support, down about 1. This tells us 2 important things before the open tomorrow. First there is not going to be any pop up, gap up buy signal. Second there will be no short squeeze forcing price higher. RHT is not trading on fundamentals so the chart comes in handy. It is trading on futures that are not exactly known. But the analysts have some ability in evaluating that and 89 is the best they can come up with for 12 months from now. That tells me it should be trading at 75 or lower. The chart tells me 77 won't hold and I think it tests 75. That might not happen on the open but on the close or possibly Monday. Price ran up and hit the consensus target resistance at 80 and now I think the lack of a pop after earnings means it goes down to test support 75.

If it pops on the open I  think it will be a great short for the day traders.

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