Nascent Biotech Inc. (NBIO)

[FairviewInvestor]

On Positive Note: Chart Bullish in short term.

OK. thought about it and that last post will easily look like a bash for any Long Term holders.

Here is the positive take. Over the last 8 days the trend has been bullish.

We are trading over the VWAP (Volume Weighted Average Price) (on a 1 Day / 1 Year Chart) the THICK GREEN LINE ON MY CHART .. and it's been holding solid constantly closing above. That is Bullish!
As of close yesterday that is sitting at .068 if we dip more today I'm expecting the real test to be .0666 or so.
There is always the chance it doesn't dip, Holds and stays above VWAP from here forward, running you guys up, up, up. To this effect it is still slightly pushing north.. if the VWAP turns South (down) that is a bearish indicator.

My Favorite Indicator is the HULL. it's represented in RED and BLUE on my chart in a THICK line (same thickness as VWAP) . I have set the HULL to Fibinacci numbers. They occur in nature and have dominated financial trading for over 100 years. It's Blue and that is bullish.

MACD is converging.. if those lines cross that will be the first technical indicator on my charting to say buying has exhausted and that the share price is technically entering a downtrend.



NOW. the negative guy in me (Perhaps because I sold all my shares for the 2nd time this year, think I'm paying capital gains on close to $20K for $NBIO this year on the 2/17 and 4/1 Pops ) Says that the heavy buying we have seen will exhaust and that we will test the VWAP and that the HULL will turn RED.

I am not smarter than the markets, so the negative inclination I have could be total B.S.

If you remember I picked up .055s recently. seems to be support in the .05s. mY concern is all these new chasers who entered will panic on a sell-off and magnify it. who knows, I'm just guessing

Someone on here told me I was full of B.S. but still convinced that heavy buying came from the Twitter guy with 7K followers. once again, just a guess but it was uncanny that in the minute after he posted volume skyrocketed.

Good Luck to LONGS!