NYMT Suffers Low Demand - Moving Sideways

2 mag 2020

NYMT is pivoting between two boundaries with little volume between, making no real intra-day trades viable. NYMT is trading well under intrinsic value suggesting huge long-term investment profit once macroeconomic factors improve. I would estimate this be 3-4 months down the line from now, but is definitely a local low for those interested in purchasing at rock bottom.

If 1.87 support broken could move down to 1.02 before seeing resistance.