% | $
Quotes you view appear here for quick access.

Netlist Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • maxschactman maxschactman Dec 18, 2009 8:05 PM Flag

    Consolidating Again

    "6.44 this morning was a triple top."

    The top is 7.98. This is an itermediate resistance area and shouldn't be considered a top.

    "With volume declining this is a classic bearish signal."

    Volume remains up on spikes down on pullbacks.That is a classic bullish volume flow.
    We opened today with a burst of accumulation and closed with another burst of buying.

    This stock broke out on a huge surge of volume.There hasn't been a single down day with volume that rivals the up moves.

    From bottom to top the stock found support at a Fib 50% retrace - 4.36 Dec 4th.That is a very typical retrace for a momentum stock.The key is the retrace occured on declining volume.
    Again - big volume push up - low volume retrace.
    That's a momentum stock getting ready for another breakout higher.

1.250.00(0.00%)Sep 27 4:00 PMEDT