Replies to post #23687 on Newlead Holdings Ltd. (fka NEWLF)

[Rhee]

We are above intraday resistance. Plus, we surpassed the 100% measured move target, off the initial leg from today's open. So it looks like this violent move is to retest Friday's lows, now acting as resistance. I can't calculate the next measured move of this entire 30min candle until we retrace.

We might be looking at touching the 50 SMA on the 30min chart here.