Replies to post #8433 on Price Pivot Point Reversals

[chipped2003]

The chamber...another nice piercing candle reversal pattern...tomorrow should give confirmation...good find...

[stockmann]

Chamber, I agree on NMKT

I have been watching NMKT formerly IPVO as it has gotten more and more oversold. I started to initiate a position today as I think the risk vs. reward dynamics have become very compelling based on what appears to be pretty solid fundamental developments by the company as of late.

I view myself as risking potentially up to 10-15% from here to make potentially 75-100% and the way this stock has traded in the past, it could happen quickly. Regardless of the long term, it might simply make a great trade. I'll just have to play it by ear but I'm dipping my feet in the water for now.

Best of luck to you.