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Alias Born | 05/31/2008 |
Friday, February 03, 2012 2:33:39 PM
Must be a minor resistance. When NNVC crossed the 50 day moving average around 62 cents it was a thing of beauty. We saw such a strong volume over 800,000. Now 62 cents forms a good resistance to the downside. It will take a lot of effort to go below 60 cents. On the upside there are minor resistances like at 75 cents. The next major resistance is at $1. So I expect upward movement until about $1 as long as Seaside lets us move by not selling seriously. They can keep selling slowly just should not sell a lot at one time. They are smart enough so I think they will not try to stop the upward movement once it has started. It is in their best interest too, they have a lot of share bought at less than 50 cents. My buy at 58 cents turned out to be at the right time. Best of luck to all longs.
Seeker
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