NanoTech Entertainment Inc (NTEK)

[cwarner]

Higher highs and higher lows, but the lows increase at a greater rate than the highs. At first glance, it appears bullish, but I believe the psychology of it is that the buying pressure isn't strong enough to make the highs continue at the increasing rate of the lows, so once the lows and highs converge the stock price can fall quickly.

I am not trying to bash. I am more looking for someone to explain to me why I am wrong. I think the fundamentals of this company outweigh any technical analysis, especially considering it is technical analysis of a penny stock.