NanoTech Entertainment Inc (NTEK)

[mdimport]

NTEK is bleeding. Period.

People would do well learning to read charts. They tell much more than price movement and volume. EOD Thursday for example saw 1,000 shares painted last seconds to bring the price up from $0.0162 to $0.017. If NTEK were healthy there'd be no need to paint the tape.

The long-term chart shows dumping by insiders since $0.175 all the way down to $0.0160. NTEK is about to enter a Death Cross. There's an impending bear market (implies at least -20% further correction on the weekly chart from the lows). That's not a one day event, but a multi-month process.

Said it a couple of times, and when people stop playing paint games: NTEK should now be trading around $0.0123, and later testing support at $0.01. Delayed by 1,000 share paint jobs EOD, but its causing more harm long-term.