Why NTWK, of course.
Omni thinks it is not one that I can apply the 5, 10 dMA, and 50% rule because this is not one of his breakoout plays, I guess. He has stated that he considers it a channeling stock and has posted its chart on his board with a comment or two about the chart. That gives me a little info, but I have NO IDEA of whether he thinks it is moving into position to be a momo play or not (he only states that the stochs and MACD are too low to be considered a momo play), but they are just on the verge of being high enough. So, I do not know if once these 2 move up just a notch, is this then considered by traders to be a momo play and are they likely to be jumping on board for anticipation of a nice move higher?
I have no idea how to read this chart to get info on what to do here. My problem is, I SOLD IT, right before the move up, to get into some other stocks while I waited for NTWK to do something. You know how long I have been holding it, and waiting, so I figured I had a little time.
