NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

I'm glad you pointed out that post of mine , Beam

The only thing changed in this chart from when I posted it on 6/16/08 is the green circle near the bottom noting that Acc/Dis moved above the downtrend line which has been the case for quite a while.

Other than that , Aroons still playing nice , Wm%R as well , ADX +DI/-DI still playing nice since the positive cross was first noted , RSI moving up since that first 'peek' over 50 , and after a very brief respite when hitting .0039 for the second time and falling back .... the Bena-Rumor fueled enough interest to push us above that resistance area.

We closed yesterday at the same .0045 where stalled back on 4/28.

If we could , just for once , not have what apparently has been relentless selling by YA .... then momo players + anyone buying breakouts "just in case" + new readers of Bena's rumor could easily fuel a cruise up to 0.0065 where we saw support for most of March. Then we might see if the buyers who provided the support there were happy to be back even and sell , causing the resistance we see lots of times at previous support areas .... or not.

It will be fun to see whether breakout-buyers provide some continuation here or not. The action has hit a few traders' screens/scans , as we obviously have some new folks here.

JMO

jonesie