Despite poor management and 2014 republished financials have not been released yet, I expect this to pop to around .0025 starting January Entry .0004-.0005 Stop Loss .0003 on a closing basis
NTEK is closing in on 2 key support areas 0.0400 & 0.0360. Both the MACD and RSI (5) is showing low levels. NTEK broke trough the minor support at 0.0500, so on any upwards move, thats the first battleground for the bulls. PT is the 61.8% FIB 0.0900
MYEC is now at a key area of resistance. The stochastic is starting to slightly curl downwards. RSI is neutral, but the volume is fading. The key area of support is at the 200MA + the support from the structure after the initial breakout.
Bearish deep crab. Target 1 at 14244.45 23% fib level. There is also strong support around X highlighted in red. If sellers can push through, I'll be looking for 12744.77 as my target 2 at the 38% fib level
Elliott Wave analysis suggests we are in a correction on Facebook, which should take us quite a bit lower before the rally continues. A bear pennant pattern seems to be developing, with an Elliott wave interpretation there is a low risk/reward trade setup. Let me know what you think..
This is a classic Fous4 pattern straight out of the DVD. Looking good overall, though not enough volume to support the up trend. But this is just an example of a good profit taking pattern.