NNVC Daily Trend Model
Note how yesterday's sharp sell-off found support right at he Daily Model Trend Line
Wednesday, April 14, 2010
NNVC - chart update
NNVC is running again today, this time apparently in response to a very bullish write-up in Agora's Breakthrough Technology Alert and possibly as the result of a mention on Fox Business News. In any case, the EW (Elliott Wave) count has changed on the Weekly chart, now suggesting a target of $5.00 for this move.
Go NNVC, and go Wings!
ReplyDeleteThanks Allan, can you please shed some light on the chart for me? i notice the two number 4's on the chart and assume they are for a wave 4 down. is the new $5 target likely to be hit before or after a wave 4 retracement. NNVC has moved a lot already so a move to 5 from here with no pullback would be a huge parabolic move?
ReplyDeletethanks
The "-4-" wave labels are really without much import, as they are suggestions as to where a Wave 4 might retrace IF a Wave 4 were to start today. As you pointed out, NNVC could run all the way to 5 before any meaningful pullback, or it could pullback at any time. These pullbacks are just not known in advance.
ReplyDeletek, thanks Dude
ReplyDeleteps. youre daughter is beautiful, she must get her looks from her mother, just teasing LOL
Where are all the posters bashing NNVC that it was a nothing company and it was going to zero.
ReplyDeleteI have not read anything from them recently.
L
Guess they left, along with the know-nothings predicting it's going to $5 based on rumors.
ReplyDeleteDid you mean going to $2, Allan?
ReplyDelete