Posted On: 11/13/2013 9:24:43 PM
Post# of 2561
NSPH Daily Chart ~ Another Gap Play
I almost picked NSPH for this week's MVP Big Board Contest but USU was more compelling. I own NSPH at slightly lower levels as a bottom was put in the 1.80s. As you can see on the chart, the stock is close to breaking above the horizontal resistance at the 2.20s level which is the bottom of the 'gap' channel. Should the stock break out and fill the gap, it would result in a gain approaching 30% from the current price. Just ahead above the horizontal resistance point is the MA100 at 2.37 and the MA200 at 2.58. Both are declining, so as NSPH moves higher, those two points will be lower than where they are today. GLTA
I almost picked NSPH for this week's MVP Big Board Contest but USU was more compelling. I own NSPH at slightly lower levels as a bottom was put in the 1.80s. As you can see on the chart, the stock is close to breaking above the horizontal resistance at the 2.20s level which is the bottom of the 'gap' channel. Should the stock break out and fill the gap, it would result in a gain approaching 30% from the current price. Just ahead above the horizontal resistance point is the MA100 at 2.37 and the MA200 at 2.58. Both are declining, so as NSPH moves higher, those two points will be lower than where they are today. GLTA
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