Look at THAT TOP!! The long legged Doji may as well be a Gravestone / Orphaned Baby. There's a gap just under the daily low and after a 360%+ run from the 25th of June, it's gotta pull back from a $9.98 resistance. I left the Fib overlay intact from yesterday as it snap fits like a glove. Also, just look at the ski tips on those MA's (50/200). I've been watching this since last Fall and got it at $0.65. Super salty now cuz I sold at just under $3 to pile into something else. Looks like the lawsuit with Google will print some new highs in time but for now, the last valuation I saw was $4 by the analysts. We do have a gap still, down around $2.50 so we'll see what comes of that. Not investment advice, DYOR and Good luck!
Trade active
What goes up, must come down, at least in the case of a lot of these OTC's. NLST is a bit of a different beast and will likely make the Nasdaq but for now, we've still got a gap unfilled down around $2.50. Updated chart here with Fib channels adjusted fr the new 52 week highs Trade active
Probably a Head & Shoulders top here. Remember, price action usually trades ahead on rumors. The anticipated earnings are in fact bullish but they'll likely already be priced in as people "sell the news". Trade active
Bit of a tough read here and the reason why I prefer gap fill trades, consolidations and breakouts. We might be looking at a Gartley on the intra day and we're in the Fib golden zone. NLST is a winner long term so LTBH probably makes you some cheddah Trade active
Looks like NLST is in a Fib channel here but as they say "buy the rumor, sell the news" and the earnings are due next week. Typically prices trade ahead of earnings and it's not unusual to see things tank even on good earnings when expectations aren't met or exceeded. I personally don't like unfilled gaps and won't trade something with baggage like this, even if it looks like a no-brainer. I would however snag it on the way past $10.33 for a move to the ATH. This is not investment advice and DYOR. Trade active
This is why we don't FOMO into stocks that have already broken out and gone tear-a$$ up the chart. I've seen so many people get wrecked by news stories telling everyone to buy these pumps. I personally buy stuff when nobody is talking about it and I buy in clear consolidated bases. NLST missed earnings and this is what happens. when companies miss expectations Trade closed manually
Moving to new thread
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.