NeoMedia Technologies, Inc (NEOM)

[investology]

Hi Neomities,

I am following this stock for months but I bought into NEOM between $0.26 and $0.28. The T/A looks good on the weekly and I expect a major breakout during the next weeks. Check out the weekly chart.

http://tinyurl.com/82qg9

I used the CCI (35) as a very reliant indicator for trend reversal indications. The CCI turned up over -100 which is a good preindicator of a "possible" breakout move. Before I put more money in this powerplay I am waiting for a volume breakout confirmation and/or a confirmation of other indicators MACD, RSI2 etc. Hopefully the QP has an end in the weeks ahead of us to support the breakout move as I expect a bunch of news after the QP taking us to new highs. Check out how reliant the CCI (35) was on my recent call to enter a short or exit the long position at GTE at approx $4.20. Prepare yourself to cover the shorts at GTE in the next days.

Investology

Good luck too all of us....