Posted On: 03/20/2016 6:02:59 PM
Post# of 96892
Noticed something Fascinating on NTEK Chart>
Friday was the HIGHEST CLOSE above the 50dma
in % terms since SEPT 2014 !
What makes this fascinating
is from NTEK ALL TIME HIGH OCT 2013 to SEPT 2014
to MARCH 2016 is >>> 11 months + 18 months <<<
which just happens to be a near PERFECT FIBONACHI RATIO
of 1.618 or .618 !!
Its still very early to draw any hard conclusions from this
But at the minimum it could be the first MAJOR SIGN of
a MAJOR TREND CHANGE underway in this stock.
We'll know more in the coming days.
Friday was the HIGHEST CLOSE above the 50dma
in % terms since SEPT 2014 !
What makes this fascinating
is from NTEK ALL TIME HIGH OCT 2013 to SEPT 2014
to MARCH 2016 is >>> 11 months + 18 months <<<
which just happens to be a near PERFECT FIBONACHI RATIO
of 1.618 or .618 !!
Its still very early to draw any hard conclusions from this
But at the minimum it could be the first MAJOR SIGN of
a MAJOR TREND CHANGE underway in this stock.
We'll know more in the coming days.
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