welcome back SS...the CC yesterday gave me confidence to hold the stock more than ever....we have FINALLY taken the right path and hope Pavane and Leary will right this ship ....PWC space is heating up ...we were invited by HP and publicis because of lavasphere and qode and our IP...that itself speak volumes...never before they have given a date for being cash flow positive... also qode is now BREW certified...
"Gap - Breakaway: Breakaway gaps signal a potential change in trend and are especially significant when accompanied by an increase in volume. A bullish breakaway gap forms when a security gaps up after an extended decline. Bullish breakaway gaps can also occur after an extended base or consolidation period. A bearish breakaway gap forms when a security gaps down after an extended advance. Bearish breakaway gaps can also form after an extended top or consolidation period."
As you saw in the chart in the post you replied to, NEOM 'broke out' above the ST downtrend line a while back, 3 days ago actually, on good volume, and with a gap up.
So, there was a 'breakout' above that.
Then there is/was the resistance at .05 which NEOM just gapped up over, so there was a 'breakout' above that, albeit it on lower volume, some re-testing of it as support, and then the current continuation.
So far today, this 'continuation' is on even lower volume, but hey, it's still decent volume, more would be better I suppose.
There really shouldn't be a whole lot of resistance at .06 IMO.
See the chart below which has a longer timeframe and shows what I think could be various resistance levels on the way up, based on past trading in these areas, and based on gradual growth based on improving prospects. Of course, huge news trumps resistance levels to a great extent.
If buying interest keeps up, there will of course be flippers taking anywhere from 25% to 50% and more profits at various points, and rightfully so.
There will also be 'profit-taking' perhaps by long longs who averaged down again and bought more at .04 and up, recouping parts of previous losses but perhaps getting their overall stake in Neomedia back down to originally planned amounts.
A 'breakout' above .084 on heavy volume would, to me, be really key.
One thing about having come down so far and having traded lots of shares at various points on the way down ... there are lots of points from which to 'breakout' now.
News 
Market Data 
Discover 
