when the techs start to rally again, so will NEON, as it's trend is in the beginning of the upward change
so far, investors are still afraid, techs in general.
I believe if/when it hits that point it will rally strongly and move up several points, as it will be above resistance at that point.
Not necessaryily today though ... although you never know, when the when, will occur.
a buy stop at 41.50 would take this much higher ... buy when a stock is moving up.
I do not short :o)
but I do day trade, and hold this long, so pay close attention to it daily.
double tops are not uncommon ... investors take profit, then fear sets in ... it falls till all the weak hands are sold out. Then a stock must work it's way up again ... most probably to make new highs, if the fundamentals are growing ... which in the case of NEON, they are.
JMHO |
