NYMT Suffers Low Demand - Moving Sideways
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.
If 1.87 support broken could move down to 1.02 before seeing resistance.
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