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  4. Nanotech Entertainment Inc. (NTEK) Message Board

since Tuesday NTEK broke out of a downtrend channe

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Post# of 96892
Posted On: 06/30/2014 4:44:11 PM
Posted By: Willy 5150
since Tuesday NTEK broke out of a downtrend channel(7 or 8 months old) on the daily chart but on Wednesday it went back in and today it broke out and closed 3 cents above the channel lol but in the weekly chart it broke out of the channel but never closed above it lol. It doesn't wanna break up the resistance of 77 to 81. I might be wrong but it has to test support so it has to go lower than 60 because shorters have to profit, that's why you have to have a plan before getting in and stop listening to others that might be shorting because they want you to buy to take your money. When you lost a certain percentage of your $$ and it's not being productive(narrow price ranging) take your $$ to another stock with a good potential profit, and if NTEK starts going up for sure then get back in but don't waste your time and $$ hoping and crying because that's not gonna make it go up.


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