>>> amazing jumps up and down. <<<
NR keeps jumping up and down, up and down. The chart is issuing a warning on this Jack be nimble, Jack be quick, Jack jump over the candlestick stock.
Notice that the highs are continuously lower. Lower highs aren't a very good thing.
The 10 day moving average is coming down and is ready to cross below the 50 day moving average. This is very bearish in the world of technical analysis.
stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3!La5,18,9]&pref=G
OTH there are some positive aspects with regard to the technicals. The Stochastic indicator which is showing oversold, is flashing a buy signal as it crosses up and over the 20 line.
Today's volume was on above average volume, always an encouraging sign.
If NR can have another up day tomorrow, the weekly candlestick pattern will be showing a possible bullish reversal pattern. The negative aspect of this potential reversal pattern will be that it'll appear at resistance unless NR can have a strong up day.
NR needs to close north of 8.15 tomorrow. If it has a down day, the bearish indicators take over and this stock will jump some more, this time down.
Don'tcha just love these conflicting indicators? Makes one want to jump up and down, don'tcha think?
Good luck,
dabum |
