Registered User
Joined: 12/2/2004
Posts: 1,775
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NLST, volume burst past couple minutes on the tape, possible attempt at mini flag breakout? Successful breakout or not, nice setup worth monitoring imo. Since monster price and volume move in November, four mo. consolidation and pullback on low relative volume and tight daily ranges past few days is interesting. In past six weeks note how OBV steadily rises and overall volume avg. decreases, nice divergence imo.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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That was fast, mini flag top 4.73 just taken out on nice volume, hopefully price will test at some point next few days or so the the longer pattern top near 8. But first need to stay strong today and close above 4.75
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Registered User
Joined: 12/2/2004
Posts: 1,775
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Catalyst was news or rumor about possible CSCO tie in, supposedly coming out today via CSCO. Price could move further to upside very fast, and no doubt drop even faster if rumor has no teeth.
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