NNRF Inc (NNRI)

[panama paul]

"A stock going sideways is very healthy for the chat as the longer the base the stronger the rise when it breaks out. The sideways action cleans out the impatient ones and the weak ones and moves the stock into stronger hands."==ST

This is not necessarily true. A stock going sideways for an extended period does usually mean the breakOUT OR breakDOWN will be stronger. It is not inherently healthy. Stocks can move sideways near tops or bottoms. You said this last time when the stock price was moving sideways between $5 and $6 and look which direction it broke. The stock then fell sharply. BTW, I hope you are correct about the direction this time as I'm long. But saying sideways action means a stronger move UP is misleading from a technical perspective...as I'm sure you're aware.