Wednesday, May 18, 2011 6:02:23 PM
-I love pretty much everything about this setup, from the long term looks to it to the short term bullishness and today’s volume. I know the big line in the sand is up closer to $2.80, but this $2.50 range looks like something to pay attention to as well. It’s the highest close in the past few weeks, and my thinking is you have to jump over short term strength on a setup like this, because in many cases the momentum will pickup and carry through past the ultimate top ($2.80), and then you’re riding out the breakout with a killer entry point. It doesn’t always work out like that obviously, but that’s what I’m shooting for.
-Another option is to play this lower breakout and take some profits into the overhead $2.80 resistance. If it stalls and falls, then you still locked something in, but if it breaks you’re still riding out the rest of your position. It’s a bit more conservative, but I like that route.
http://onlycharts.com/2011/05/18/ned-pulled-back-consolidated-since-its-recent-move-testing-resistance/
Recent NED News
- L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - NED • PR Newswire (Canada) • 01/31/2024 09:19:00 PM
- Canadian Investment Regulatory Organization Trade Resumption - NED • PR Newswire (Canada) • 01/31/2024 09:16:00 PM
- Suspension de la négociation par l'Organisme canadien de réglementation des investissements - NED • PR Newswire (Canada) • 01/19/2024 07:00:00 PM
- Canadian Investment Regulatory Organization Trading Halt - NED • PR Newswire (Canada) • 01/19/2024 06:58:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM