NeoMedia Technologies, Inc (NEOM)

[chartist1]

NEOM WEEKLY CHART (REVISITED)

I thought I would update and repost this weekly chart BECAUSE we are right above "line-in-the-sand" support (uptrending thick purple line). You might recall this was noted on all my prior weekly charts prior to this coming into play, as is now the case.

I would hope to see a very strong bounce off this line. I can't see any scenario that would say a break below this line on a closing weekly basis would be anything but confirmed weakness in the medium to longer term.

http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!uc20!lh14,3][j...

Chartist1