Replies to post #206643 on NeoMedia Technologies, Inc (NEOM)

[JB6]

Chartist1

Thanks for your info



Do you see this going below .003

I don't still learning. Thanks

Jim

[chart guy]

A good thing in terms of a trading opportunity

The chart has broken down, however, from a short term trading perspective, a throw-under pattern is very common, and can provide an opp to make money on a quick up swing. If you wait to short the stock after the breakdown occurs, you almost allways get screwed with a snap back rally, right at the moment it looks safe to short. The analyst is merely saying to trade NEOM from the long side back up to the downtrend line. From there its anybody's guess, but wouldn't you rather start a short position at $0.009 to $0.011 rather than $0.007 ??