NanoTech Entertainment Inc (NTEK)

[drbnine]

DAILY CONSOLIDATION....
If you understand charts...as most here do, we all are aware of the meaning and signal you get when you go above 70 with the RSI.
You've entered the POWER ZONE, a momentum indicator.
But also, you start approaching the "OVERBOUGHT" side of a stock.
Bitter...and sweet together.
Stocks cannot live in the 70+ range forever. It's just not possible.

NTEK is showing incredibly strong behavior in this zone I just spoke about. It is handling the momentum with the precision of a surgeon.
Each day after strong volume and price increase, we experience a slow steady daily of backfill and consolidation. New "high lows" are established, preparing for the next move upward.
THINK OF A CAR JACK...simple, minor adjustments until the car has been lifted off the ground!
Monday, some thought we would experience a MAJOR drop due to bashing and the exit of several people to new stocks. Look at the result.
My point?
This daily consolidation occurring courtesy of the MMs dropping and raising the price throughout the day allows NTEK to fill any gaps and stabilize EVERY day. Thus sustaining the ability for us to remain in the POWER ZONE as long as possible.
GLTA