JANE & other MM's were trying to work the DOWNSIDE of the stock a bit & REPEATEDLY tested the 50DMA; but they weren't successful in shaking shares BELOW that NEW ~$40.5 double-bottom that's been PUT IN as a consequence.
Which, in my view, represented an important INFLECTION POINT on the stock.
For, had they succeeded, the 50DMA would have been on the DOWNTREND. Instead it's clearly on the short-term uptrend & may be signaling a price-move to test previous highs in the stock...Good timing,... as NTDOY brings; new releases, products, replenishes store shelves, & makes NEW reveals well into the Holiday BUYING Season,...
Historically, demand increases around this time of the year & so the stock should have the catalysts necessary to break UP THROUGH recent highs.
Although,... if the short-side is doggedly determined, they might try ONE MORE TIME to lower the stock....Seen it MANY TIMES before.
However, the extended churn is ONLY LIKELY to ADD MORE FUEL to the upside run the way I see it.
Time will Tell,..... ALWAYS does!! :-D
Meanwhile,... a nice BULLISH Pendant & Bull-flag is taking shape on the charts; as the bottom APPEARS to have been well tested & the downside risk secure...it should trigger higher prices as the price range continues to narrow: Needless to say I'm predicting higher prices as we move into 2018...
$NTDOY
News 
Market Data 
Discover 
