Replies to post #113024 on NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

Yep, that 50MA has been harsh in the past.

NOW is when some really good news, some REAL news, would be exceedingly helpful in getting through resistance.

When positive momentum is in your favor, well, that's the best time to take that outstanding PR (or two) and give the resistance a one-two punch.

No-news momo, MM-orchestrated 33% gains off a bottom, well those things just don't usually last for too long.

C'mon Neomedia, now would be the time.

jonesie

[Gretsch]

Astockollapse, you are indicating that because it hit the moving average it will drop like previous times. But if it breaks thru it it could be upward from there. I sure hope it breaks thru but yeah when it hits the moving average it kind of gives false hopes but let's see this might be it.


Thanks for your chart and input.



Gretsch

[Vercingetorix]

The validity of Technical Analysis as a good investment tool is highly suspect, based on current theory and research in Finance.