Nutranomics Inc (NNRX)

[justatrader]

Chart wise NNRX looks very promising. Last six months there has been three basis for this stock, starting with the Long run of 1-3 (omitting the “0”) then the run up and a base form at 3-5 then another run up and a new base that appears to be forming at 5-7 range. Charts show higher highs and higher lows for the same time frame as well as higher bases. The only thing that is a worry from a chart view is the moves are related only to news and not fundamentals or valuation.

At present the “ISR” is showing slightly undervalued, “Money Flow” showing over sold, “Momentum” has drop a little below average and the “Accumulation” is very high.

The only worry I have is that price is relying solely on NEWS. I have closes to 15 mil. shares and will not be acquiring any new shares till there is a change to the up side in the fundamentals. I will defiantly not be selling at this time

Wish the Sellers would hold out for the “Ask Price” though or just have faith and hold as well.