Replies to post #19040 on Newlead Holdings Ltd. (fka NEWLF)

[NathanH]

Or not lol

[Rhee]

Target on this momentum:
.142 (HOD) - .116 (LOD) = .026
.132 (retrace high) - .026 = .106.

So if intraday the stock doesn't break .132, target the .106 area around Monday's double bottom. Might even close there.

For the stock to bounce, it needs to hold .14. But the stock remains bearish along all timeframes, albeit temporarily neutral closer to its double-bottom.