Smashed thru the 200dma @ .082 and Broke out of th
Post# of 96879
Posted On: 09/22/2014 4:29:51 PM
Smashed thru the 200dma @ .082 and Broke out of the
Massive 16 month Triangle on VERY STRONG VOLUME
all in one day...
Now we can calculate our first 'conservative' price target for
the future with a very high probability.
This is done by taking the .01 major low of may 2013 to
the .175 major high of Dec 2013....The difference is .165
We add the .165 to the .075 breakout point today of the
Massive 16 month triangle for a target price of .24 in about
6 months from now since it took 6 months for the .01 to .175
move last year to take place...However I stress this is a
'conservative' target....As we move forward and see how the
price action plays out we will be able to adust that tgt potentially
much higher
Truly this was a historic breakout day for NTEK!
Congratulations to all who are holding big positions
Massive 16 month Triangle on VERY STRONG VOLUME
all in one day...
Now we can calculate our first 'conservative' price target for
the future with a very high probability.
This is done by taking the .01 major low of may 2013 to
the .175 major high of Dec 2013....The difference is .165
We add the .165 to the .075 breakout point today of the
Massive 16 month triangle for a target price of .24 in about
6 months from now since it took 6 months for the .01 to .175
move last year to take place...However I stress this is a
'conservative' target....As we move forward and see how the
price action plays out we will be able to adust that tgt potentially
much higher
Truly this was a historic breakout day for NTEK! Congratulations to all who are holding big positions
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