NTEK Chart: NTEK has consolidated off the large gr
Post# of 777
Posted On: 07/02/2014 1:47:47 PM
NTEK Chart: NTEK has consolidated off the large green candle that formed on June 20th…….there are four main support & resistance levels……….the 20 DMA(day moving average) @ 0.058 & the 50 DMA @ 0.064 are providing support…………the 100 DMA @ 0.076 & the 200 DMA @ 0.102 are creating resistance………take a look at the 50 day moving average and the 100 day moving average……..checkout how the last 8 candles have fit between MA's(50 & 100)………the KEY will be IMO to watch for one to break……….either support or resistance will break……….Keep a close EYE on the 100 Day moving average……..when candles form above MA(100) you'll know it's Showtime!………..on the 25th NTEK formed a long upper wick and tested the 200 DMA resistance level..……when MA(100) turns into support MA(200) resistance should get tested………that is the 1st target for NTEK bulls……RSI is in the above 50 bull zone……..Fast Sto ready to break into the 50 bull zone……NTEK bulls need an up tick on Accum/Dist & an increase in volume to push past resistance……….…the chart looks set up for a bullish move higher…….…....
NTEK ON BUST THROUGH THE 100 DMA RESISTANCE & BREAKOUT RADAR………….$$$
http://stockcharts.com/h-sc/ui?s=NTEK&p=D...3612317114
NTEK ON BUST THROUGH THE 100 DMA RESISTANCE & BREAKOUT RADAR………….$$$
http://stockcharts.com/h-sc/ui?s=NTEK&p=D...3612317114
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