Very interesting Technical development is now in p
Post# of 96879
NTEK chart. Both the RSI and MACD held a higher level in December
than November even though the Stock made a lower low in December
compared to November. This is called BULLISH DIVERGENCE
and its sets up the potential for a POWERFUL UP MOVE in the
coming days.
In fact all you have to do to see the power of this RSI MACD combination
is look back to the NTEK chart in the April - June timeframe.
Again both the RSI and MACD held higher levels in June than
than April even though the Stock made a lower low in June
compared to the April low. And of course what followed is we got
the EXPLOSIVE 100%+ Gains in just a few days off the June low.
This RSI MACD combination is not 100% reliable for these type moves
but it is VERY reliable when you're dealing with a young fast growing
company like NTEK.
We know from recent shareholder letter NTEK has a lot of Deals
in the works and with 2015 Projections coming next week
as well as CES the week after that the stage is set both
fundamentally and technically for a potentially
VERY STRONG MOVE in January imo.