NETE and a possible move upwards
Updated
NETE has played nicely down to my support line $6.36 and a nice one day bull move with supporting volume.
Does this mean that this stock will begin running north? My belief is that it is ready after consecutive bear moves, finding its floor.
I expect NETE to move north to 7.96....why $7.96? because that price point supports the $4.30 bull candle/plateau.
I expect a retest down to $7.09/$7.00 where that is my target dip buy and a move north nets me 12% - 14% profit.
Will this happen? It's stocks, who knows....
Let's see what happens!
*DISCLAIMER* - I am not a professional trader. These are merely my opinions and hopes and dreams pertaining to this stock. Please seek professional advice in all your trades.
Does this mean that this stock will begin running north? My belief is that it is ready after consecutive bear moves, finding its floor.
I expect NETE to move north to 7.96....why $7.96? because that price point supports the $4.30 bull candle/plateau.
I expect a retest down to $7.09/$7.00 where that is my target dip buy and a move north nets me 12% - 14% profit.
Will this happen? It's stocks, who knows....
Let's see what happens!
*DISCLAIMER* - I am not a professional trader. These are merely my opinions and hopes and dreams pertaining to this stock. Please seek professional advice in all your trades.
Comment
sorry, i meant ....."because that price point supports 4/30 bull candle/plateau"Today it actually jumped beyond my prediction!! Crazy!! Expect this price point to fall to trending support and regain realistic value. Buy at trending support.
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