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Niku Corporation (NIKU) Message Board

  • Hope that was the bottom of that down turn and it begins to build an ascending wedge from here. Any thoughts from our TA team?

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    • not much to add mdor....the pull was a bit harder than expected...what we need to see is some cons...if it hold that .75 then hopefully we get a retest of the 1.18...pref bringing in a slightly newer high...then a retest of a buck....if we can hold the .98 area of that one dollar retest then we could move higher...we need to see the moving avgs stack up better..ie the 50 dma back ontop of the 200...until then the stock is still in bear mode...but if the above occurs we may at least see an attempt to move higher into the 1.50 area...if we break back down all bets off until a succesfull retest of recent low is put in.

      • 1 Reply to ck_hammertime
      • ck
        I still don't understand the chart mode...but it seems to me that its going to take news to see those numbers...without news from HSBC on financing or FERC or storage...I think we sit...I just don't see the volume to drive this and obviously there were sellers or shorters in the $1.00+ range to the tune of selling ...what...10 million shares inside a week...if someone or something has that kinda volume to sell...its going to take real good news for us to break that barrier..all jmo and hope that volume and news come right away and move this