NW Tech Capital, Inc. (NWTT): Post Unavailable Additional Informati...

MEBHAR · 2010-07-08T22:15:43.3530000Z

Go to any 2 year chart on NWTT and you'll see a bullish pennant taking shape. This is occuring above recent long-term resistance (now support). NWTT has held 6/7 numerous times as the highs (upper trend line) have converged. With no room remaining (and sellers exhausted imo), NWTT has no choice but to assume a new direction. The technical odds suggest that with a volume supported catalyst (i.e. Minamar spun merger details) - the new move will be higher. Short term resistance points start at .001, .0013 & then .0016. My daily review of stockcharts.com gives me further hope. Even though the RSI, MACD & TRIX have given up recent gains, their levels are back to (what is considered) normal -- further suggesting that consolidation is nearing its end. A Glimmer?> Even though the MACD & its corresponding lines are falling to flattening, the 3,3, TRIX (a leading ossilator) is now stabilizing / trending higher (from -5 to - 2.3 / over the last few days). Note that a strong cross above 0 on the TRIX is bullish (similar to the RSI crossing its 50 threshold [ entering the " buy zone " ]). Such moves are often fakeouts. But sometimes they are telling. A holistic review (i.e. my 'gut') tells me that a bullish breakout is imminent. Personally I dont see an issue breaking any of NWTT's short-term resistance levels .. ***************************************** With positive experiences riding LDSR, HPNN, and GOIG up to pennyland, I can reasonably argue (in my opinion and my opinion only) that this company has the 'mojo' to do the same.. I'll split the difference and call for .005 initially. GLTA folks - I definately think we're in a winner. Remember however - to always consider a stock's 'worse-case scenario'. For NWTT: You might see a slow erosion in PPS if this stock loses its support around the .0006 level). If we touch .0005, I'd expect to see some whip-saw action with respect to price. I always consider this the last shakeout or the 'drop before the pop'.. So will NWTT bounce? or will it erode away into obscurity? Nobody really knows for sure.. Just ask yourself: What is the lowest that I'm willing to go? Always be thinking of a possible exit strategy. Dont rely on some pumper or dumper; these guys are faking you out. ********************* Both .0005 and .001 are psychological levels in general. Do these points apply to NWTT? Well the charts say yes and no. Trading past .001 will definatey catch some eyes. The herd usually sniffs things out once a trend is reversed. A break past the upper trend line (or the previous lower-high of .001 [Wed]) will create a new short-term 'higher-high'. .001 is not the end-all-be-all (.0016 is) - but it's a good starting point.. ******************* http://www.investopedia.com/terms/p/pennant.asp