NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

Well, at the higher parts of today's action we've been right at the downtrend line going across the highs on 5/3 and 6/29, something of a pivotal moment short term. On previous runups to that downtrend line it looked like money was flowing OUT of the stock, CMF was moving down, W%R (28) was moving down, other indicators were generally trending down.

THIS time those same indicators are trending upwards, it looks like money is flowing IN to the stock instead of out.

Like I said, a bit of a pivotal moment, too bad NEOM is in the QP and can't come out with some of their good news right now, it would light a fire under it.

JMHO and FWIW.

jonesie

p.s. Normal scale OHLC chart; chartist's log scale chart may show something different wrt that downtrend line.