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Re: ospreyeye post# 2977

Saturday, 12/21/2013 1:25:21 PM

Saturday, December 21, 2013 1:25:21 PM

Post# of 703424
NWBO Monthly Chart: Bearish Dark Cloud Cover forming for the month of Dec.........checkout Accum/Dist.........smart money has been unloading since 20 got hit in Sept. 2012........after a pop in Nov. 2013, which was reminiscent of the Sept. spike, a bearish pattern has developed in Dec.........the Middle Bollinger Band @ 4.46 is the KEY level to close above & turn into support........NWBO closed above the Middle BB for the month of Nov., but has been struggling in Dec. to turn it into support........the Long upper tail/wick on last months candle shows profit taking and sent a bearish warning..........bearish dark cloud cover has been made possible by the high for the month & opening price of 4.94........NWBO gapped open higher for the month, but was unable to head higher after the opening trade........this has created no upper wick for Dec.'s candle..........the candle is bald on top........MARUBOZU in Japanese.........NWBO has formed an opening red Marobuzo & Bearish Dark Cloud Cover for Dec........Fast Sto, Full Sto & RSI are showing immense Bearish pressure.........Accum/Dist is showing major distribution of shares........throw on top of that IMU€ getting hammered & a damaging article form the Street.com & I think April 2012 support levels will be tested............the bears are on the attack w/ a ton of ammo.......if 3 support breaks 2 will be on deck..........$$$


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