NeoMedia Technologies, Inc (NEOM)

[chartist1]

NEOM - NEW DAILY CHART (LINK)

This chart is also important because we are running up against key downtrend resistance from the high at .74 cents. (see attached chart - blue downtrend line)

I also show key support (red line) and the two are beginning to converge -- Something has got to give here fairly soon.

Slow Stochastists are now heading back down, but on the daily chart this is a rather short term indicator. I am more concerned that we are going to need strong volume to get over the blue resistance line and we are going to need it soon.

Chartist1

http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][J...