NeoMedia Technologies, Inc (NEOM)

[chartist1]

Hello le-bon. My chart take:

I played the link to the Claytrader video you added to you post and I have a rather different viewpoint but variety is good. I think for most of the buy and hold guys on this board a broader view of the charts could be helpful. Actually that's my view on any stock.

Neom is currently in a down channel starting from the .024 recent high. All the candlesticks after that day all fall into a nicely formed down channel. It is still falling inside that channel.

I then look at the weekly chart to get a different perspective. When I do that another picture emerges and I find the 1st significant support at right around 0.1 cents. I am watching two things right now.

1) When will price break above the down channel and will there be strong volume associated with that. That’s the upside.

2) Will my area of 1st significant support be hit at 0.1 cents and how will the candlestick react if/when that happens. That’s the downside.

Anyway, thanks for hello.

Chartist1