NAII...geez-lo-wheez...vitamin supplements...and losing money to boot...mostly garbage and sour grapes on Yahoo, though it's understandable.
Huge jump in volume hints at something, all by itself...logs
starting Wednesday last week....
Bid or below - Split - Ask or Above
Wed 9,000 - 100 - 2,700
Thurs 3,000 - 0 - 200
Fri 1,300 - 0 - 8,900
Tues 900 - 1,000 - 1,000
Wednesday 30,600 - 31,600 - 41,600
Bias to the upside. There will be people exiting all along the way on this one, happy to recover value lost during the slide. I would say a breakout happens around $4.50, but the price is already through the 50DMA, and the 200DMA is way off, around $7.50. No noteworthy short position as of 8 June.
Caution, as always, but it looks pretty decent from here. You want to see building volumes, rather than decreasing ones, as seen on previous attempts to break this out of the basement.
Excellent trend formed on the fast oscillators the last 4-5 weeks. Wow, too bad there's little volume to validate them...
If it gets to 100K volume or $4.50 in price, I'm in... |
