NTEK: Sorry to be barrier of bad news bud......the chart was showing a bearish pattern........the descending triangle is a clear indicator that the pressure is to the downside........
This is why I give straight up analysis......it's better to have a straight shooter than to sugar coat.......when money is on the line you want to have the most accurate analysis possible.......
My charting doesn't alway's predict the precise future movement, but it does give you a good idea of where the stock might be headed.......that's why confirmation is needed........
Today's candle and action is confirming the bearish signal.......NTEK has broken MA(200) support & is testing the Upper BB support.....must close above MA(200) today.......
If the lower BB @ 0.0137 support breaks the next support level is MA(50) @ 0.0098.......a hammer is forming today.......
If the lower BB support can hold NTEK may get a bounce......there's been declining vol. for the past 5 days......sellers are tiring.......at a crossroads today.......let's see how the rest of the day plays out.......$$$