NeoMedia Technologies, Inc (NEOM)

[surfvenice]

Cloud, I went back and checked the volume... 4/7 was 2.3M, 4/8 about 1M...yesterday, 1.4M, today 950K... so back in april dropped 56%...today dropped 32% from previous day... as far as the other indicators, I don't follow 'em... I look for 4 reversals to make a valid pattern... pennant, rising wedge, falling wedge, inverse head and shoulders, etc... and the moving averages. 13dma, 50dma, and 200dma... and I follow the volume and the overall market to isolate explosive stocks that are about to make a run - which is how I found NEOM... and then the more I read the more I liked (from the great dd here thanks to JP, success, et. al)

getting back to the chart, a big positive is getting back above the 200dma, and 50dma... but more importantly for me is the 13dma curling underneath - often happens before a big run... redraw with a 13dma then go back and check around that same date... interesting...