No Pump Penny Speculation

[Bodach]

NTEK: Blatant fib chart update.

This appears, to me, to be a clear take down that met incredibly large bid support that didn't take any chart line into account; just took a stand. The catalyst to the take down, in my opinion, was the Nuvola not being ready for Black Friday.

If your thing is shorting this market; what better catalyst? A popular stock where there is an instance of legitimized doubt. If I were such a person, I would find opportunity with that.

The chart spells it out.

And these shares need to be covered.

At this point in a chart's life, the candles should be panic bouncing off the 50% fan line in the long chart, imo. The day we opened below it, and dropped is when something seemed "amiss". Look at each leg up to new real support (not just the little spikes). Each one bounces the higher low off the next tier in the fan after a quick dip to a midrange (which is captured by more specific fans to display the then current action). Basically, the orange diagonal line should be our new blue diagonal line. The blue line should be obsolete -- and we even dipped under, after 4 days ago, testing the 38.2% fan!!

IMO...

What is happening is an exploited opportunity since this is a popular stock full of greenhorns. I cannot give investment advice, and am simply another unlicensed novice....

But, look closely here.