NT ..This Is Only The Beginning
Ever since the reverse split, NT has been moving higher. If you look at the above chart you'll see a 3 year weekly chart of NT. Notice how tight the bollinger bands are. Usually large trending moves begin from such a tight contraction in volatility. What I find very interesting is the big volume that has been coming into the stock over the past 6 weeks. The fact that the stock is breaking out above the weekly bollinger bands right now is a very bullish sign and I think this is only the beginning of an extended upmove for this stock.
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3 comments:
All it has to do is go up to $1,000/share for me to break even and then I'll sell, I promise. I've been holding shares for 6 years and I'm just about sick of 'em.
I hear you..I know people who have had NT for about 5 years too.....So frustrating
Interesting... I used a completely different set of tools... yet reached the same conclusion as you
ie: highler lows, moved above its 200 day sma, indicators etc.
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