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Croireavenir

05/16/13 5:09 PM

#12049 RE: P_Dog #12048

He's showing yesterday's chart. Bearish engulfing turned into a down day today (common).

20 day moving average held which is my basis for which way is trending. I bought on that bounce.

Wonder why he hasn't updated that chart with today's activity...

Disclaimer: I do "charts."
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doobins

05/16/13 7:10 PM

#12059 RE: P_Dog #12048

This is just my opinion, but NVLX may see something similar to what was seen with MJNA. Another down day or two with following sideways price action then possibly a double top - or higher!

Depends on news/doesn't depend on news. It's a penny stock all it takes is some buyers and excitement = momentum = $! This stock wasn't getting pumped it just had momentum on it's side and eventually ran out of steam... For the time being.

Hell in less than two months it increased more than 500%.

My opinion ~