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Novatel Wireless Inc. Message Board

  • mawchek mawchek Jan 29, 2013 11:36 AM Flag

    If you support technical analysis

    There are many fundamental forces currently at play with NVTL, given the Karsh investment and the SWIR deal. Additionally, there appears to be a near textbook "cup with handle" formation with NVTL. If you pull up a 6 month view on StockCharts the formation is apparent from 11-7 to the present. The sides, the shape and depth, the forming handle, are all there. StockCharts indicates the target increase for NVTL is initially $.60, or a PPS of $2.40, assuming a breakout from $1.80, The breakout from $1.80 appears to be in progress.


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