Tuesday, July 13, 2010

NNVC - chart update

Here are three views of price action on NNVC.  Despite the fact that I am not trading NNVC,  the  Trend Models continue to be stellar in navigating in and out of the stock at opportune times and price levels.

The above hourly chart suggests that prices are near a completed five wave decline and are ready for at least a bounce, if not more.

Both the Daily and Weekly models have been simple and effective in managing positions. While the trends are decidedly bearish, the False Bar Stochastic at each time frame is situated to trigger long.  When and if the hourly trend model reverses, NNVC could begin a nice oversold pop to higher prices.



Anonymous said...

SPX ATR 1094??

Anonymous said...

How's that NNVC bounce going?