Netlist (NLST) - A Harmonic, a Schiff and an Earnings Report . .. . Walk into a bar . . :)
All kidding aside and this is by no means investment advice but we've got two possibilities here. One could easily apply a Schiff pitchfork to the upside and be correct BUT, given that they missed earnings estimates with a -24% downside surprise and given the history of Netlist filling gaps, I'm gonna err towards the logic applied when we saw those big red douchy candles on the 23rd of July and then post earnings August 9th dump. I think we may see those gaps fill down below and I'd personally love to snap it up again cheap (bought at $0.65, took a few scalps between $2 and $3 before it got away from me to run up 20x . . sigh . . )
Some of you know that I take scalps so I'll be looking to trade this inside the pipe with the hope of longing into a $50 target position next year for some more good gains.
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Anyway, Good luck friends!
0K6M trade ideas
WOW NLST!! +360% since June 25th buuuut . . Look at THAT TOP!! The long legged Doji may as well be a Gravestone / Orphaned Baby. There's a gap just under the daily low and after a 360%+ run from the 25th of June, it's gotta pull back from a $9.98 resistance. I left the Fib overlay intact from yesterday as it snap fits like a glove. Also, just look at the ski tips on those MA's (50/200). I've been watching this since last Fall and got it at $0.65. Super salty now cuz I sold at just under $3 to pile into something else. Looks like the lawsuit with Google will print some new highs in time but for now, the last valuation I saw was $4 by the analysts. We do have a gap still, down around $2.50 so we'll see what comes of that. Not investment advice, DYOR and Good luck!
NLSTNice extension here, I have traded this name a lot in the past. It usually sets a series of lower highs for the big unwind and has a few fake turns when it panics. With the being said I am waiting for the series of lower highs to build into a short and will wait for huge volume for a possible dip buy.
NLST BullishLooking to add at 3.37-3.67 after the monster 86% five day rally and a 90 RSI. I believe NLST will pop to $4.15 before retracing to that level 3.37-3.67. If it can hold the trend line and consolidate the rally will power on.
But I think at some point in the near term it is more likely than not to close the gap down to the 2.60 range which is also between the .78 and .61 fib levels. This would be an ideal level to add in my opinion.
Of course one PR could change everything.
Long NLST
NLST LongI have been long NLST for about a year and I try to add whenever I can.
I am liking the current set up. Price has been consolidating in the low $2s for about a month and with the MACD creeping up and the RSI at 52 it looks like NLST has room to run. Yesterday's candle managed to close above the .23 fib level and the 10 ema is getting ready to cross the 20 ema.
Target: $2.27, $2.44, $2.61 short term
NLST Consolidating NLST has been consolidating for the last week or so between 2.04 and 2.21. I am reasonably confident that $2.05 is a support level. With and RSI of 50 and the MACD rising I think this could be a good spot to add to a long position.
A break of 2.21 will be necessary to confirm an uptrend. Long term position for me and I will add at 2.05 and above 2.21.
Short term target 2.95
NLST Adding BigNLST fell victim to the broader sell off yesterday and dropped significantly on no news. The low of the day managed to fill the gap at $1.73 but it managed to rebound to $1.91 which is above the .23 fibonacci level.
It also tested the YTD POC line ($1.86) which represents the price where the most shares have traded YTD.
With an RSI of 39 NLST is oversold. With major upcoming catalysts this looks like a good adding point. I will be adding significantly at this level but holding back some funds in case it decides to test the 200 SMA.
Target: $2.27, $2.63, $3 short-medium term
NLST: Bullish Flag (92PC)Bullish Flag (92PC)
Pros:
Volume during post formation
Descending volume during flag forming
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Target:
PT = 3.59$
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Think outside the "box"This video is to show you how far ahead Gann was ahead of his competition. The godfather of TA has said over and over so many times, that price and time are related. Here is just a scrape of what he meant. It takes years to follow understand how complex and yet so simple Gann TA can be. By drawing 1 line, one more layer of the onion is mathematically revealed.
Bullish Cypher Patern detectedGents - As it is already some time ago and as my previous pattern was sticking with the reality till last Friday - I saw now some more patterns to go forward.
I didn't knew exactly how the small cups went into effect, but now it's clear. Get ready for the next level guys...
Personal analysis - no financial advice - you know the risks of trading as we have a lot of FUD in the market and also about the trials upcoming.
Please like my idea
NLST - Bullish divergence on the horizonJust a small chart - Stochastic on the rise, RSI with lower highs....
As well, we are on the 23 FIB Retracement of the last high, as well close to the 23 FIB retrace of the peak-high.
This confirms the bullish pennant it is forming with a possible breakout in the next 5-7 tradingdays maximum.