My charts look absolutely fantastic for NWWV.
Been a while since I posted here.... sooooo.....
NWWV, Woodies CCI, et al.....
I see that the past 7 days shows more up volume than down volume. I show today's action being down *on LESS volume than the last 9 trading days.*
My full stochastics(14) are up and heading nearly flat, just below the powerzone, RSI(14) is still >50.
MACD(12,26) is a lovely shade of green with lots of room before it goes negative.
Woodies CCI analysis:
We closed above the 34EMA, CCI(14) is +53, uptrend is confirmed with the CCI above the +100 line, all blue chop zone, all green sidewinder, and to me, the chart is absolutely ripe for a powerful buy signal with lots of room to spare. And even if tomorrow is much more of the same... low vol, short covering, maybe even a little dip, I'm TOTALLY happy. My CCI trendlines are drawn, and I'm Looking for my zero-line reject (ZLR) and there's plenty of time to get it. What an AWESOME Woodies CCI setup this could be, and this could be the first classic ZLR pattern of 3 or more in the overall run that will take this sucker way up HUGELY. A solid up-day tomorrow should yield at least one additional day, if not two, as two CCI trendlines might get broken within a 2 day period.
Even when I look at the previous run up in April, the uptrend was [weakly] confirmed, though not as strong as I would have liked, and consequently, pulled back.... but the CCI(14) only broke barely outside the -100 line *briefly* for 1 day in that entire channeling period after it. That's just bullish, plain and simple... the bulls won. The daily*3 and weekly charts look even better in that respect, with no touch anywhere near the -100 line. And this current run has a solid uptrend confirmation this time, with the 6 consecutive days at or above +100 (and more after as well), so it's definitely not a CCI "Tony Trade" pattern for shorts, and this is not a faux move.
Regarding volume balance/money flow:
I see an MFI(14) at 87, almost flat and well above 70 for the past 8 trading days.
For the past 5 days the CMF(14) has been positive. For the past 8 days, the CMF(14) has been moving up steadily with small pullbacks and greater advances.
OBV(14) has been steadily climbing for the past 8 days with tiny pullbacks along the way, but going ever higher. Same with the Acc/Dis.
The L2 shows that NITE has been soaking up shares like a sponge at the bid, and trying to scare people out of shares by sitting on the ask during low volume periods. Any time volume comes in, he moves off the ask. It's been that way all week.
I'm Long on NWWV, and my shares are saying "Hold me, squeeze me." All IMO, think for yourself, and do what's right for you.
Nobody says you have to make up your losses in the stock you lost them in to begin with.
Get out of the Yugo, get into the Ferrari.
