Replies to post #144687 on NanoTech Entertainment Inc (NTEK)

[drbnine]

IT was a larger than normal volume day, and the price went down a little.
That's what that chart says.

[drbnine]

muddhole...let's expand then ,since you didn't like my previous answer.

It's a monthly chart.
It reveals the price is below the 50 day moving average, but still above the 200 day.
Over the last 2 days there has been a change in the accumulation/distribution. The last 2 days it has changed to more people accumulating (buying) than distributing (selling)!!
The "long tail" on todays icon shows the price dropped significantly at one time during the day, BUT REBOUNDED/RECOVERED.
The volume indicates 2 1/2 -3 times increase over recent volume.

If you go to a 5 day or daily chart, you will see the charts reveal positive divergence occurring in the latter part of today, showing recovery and strength.

I hope this helps.