NNRF Inc (NNRI)

[Johnnyv]

My thoughts on NNRI chart. The breaking of .55 (a previous low in Mar 2007) and of course dropping at one point to .39 cents confirms a descending triangle breakdown. A break(down) of a descending triangle , especially when the trend of the stock is downward means more downward pressure.Unfortunatley there is very little support until .19 cents.
even the volume of downdays has been "heavier" where the heavy volume days are "selling" days.

I am not bashing just mentioning what the charts say.

IMO if this stock could close above .60 cents with about 300k shares plus traded this at least would be something positive or at least a start of something positive.

You can bet that nnRI will be applying for the two week extension and I personally believe that there will be more selling, hope I am wrong but going down below .39 will not be a good thin.