Four and one quarter years-AT THE BOTTOM!. There is compensation due for all the patience shown by Longs since the first of October 2008. That is why from a technical standpoint there is a powerful POP! ahead. We knew this from a fundamentals standpoint, but the technicals are confirming it. This is what it is all about. Those who say the TA's don't apply to any given stock don't know what they are talking about. This is looking like one heckuva turnaround.
Thank you, 'E'...had to re-evaluate technicals after observing the consolidation today. If you look again at the 10 yr chart one could interpret the formation from april 7, 2008 through dec 16, 2013 as a cup with handle; and the recent form'n from may 2013 to jan 27 another cup and this retracement-a handle which would negate my prior call to .13+. This pullback also qualifies as a W4 (EW Theory) which means we have a helluva shot ahead...looks as if it has started. ;D everyone!
I am glad you asked. First, (ref: six month chart) see 50dma. Second: Fibonacci: high of .225 /1.618 (Of course, there is always a possibility that utimately a different Fib # is correct, however from a top such as this I chose to use the 'golden ratio'; also, look at adx, macd, rsi, williams%R; BB; full stoch...none has settled back down into either 'oversold' or 'buy' signal territory. Typically when these micro stocks start to go down they often find their bottom on Friday setting up for news and upswing Monday morning. Lastly, there is always a smattering of 'armchair tech analyst', even with the pros; so as you have been told, use your own DD. And best wishes. (Could be closer to .13).
L&G: That is exactly why I posted. There is nothing so subject to change than the 'rules of the game' when it comes to the market. Thank you. S.
Ah, Esusun...thanks for jumping on board. It is sounding as if you expect a pullback somewhere in this area, too. The chart (and a likely Fibonacci scenario) if they are to be relied upon, are quite clear that this area (.23-.25) is ripe for a 'dip' (not a correction!). My target would be in the .18 area as I read it now.) Let's keep the discussion going. S.
some approaching...some have entered overbought territory. BB exploded already...Using Bulkowski 'ascending scallop' theory I am calling (+/-) .22 for a near term top. (Using Fibonacci w/.0965 as a bottom I see .25.) I do not see room for further upside until we pull back first. I look forward to hearing from others. Sharpei
re: Lee, he has always shown himself 'Penny wise and pound foolish' even back in the day when I thought he was making brilliant moves on acquisitions and price negotiations. Now am long gone. Miss old friends here, but that is all. Good luck longs and hope this turns around for you. No regrets, Sharpei
Thank you for that, E. I don't believe in 'coincidence' so believe I was led here and I want to thank+ you, substantive contributors, who fill in gaps where I am weak. I am unable to find fault with NVLX and see huge near term potential with this. Your history with 'N' reminds me of my similar (very long term bottom) experience which didn't work out so well. Ever so grateful to be here and will help when I can. Sharpei
Really appreciate your response. It looks on my chart like a small gap on the 22nd but I am going with you on this. (BTW, sorry about the absence of a couple of caps...got a sticky caps key :) ). Many thanks and the same good fortune to you, OTT and other Longs). I attempt day trading but have can'd several already as the momentum and volume and the potential for bigger news in the short term almost seems 'baked in' especially over the w/e. S.
outtrader, not sure if we retrace back to about .135 (gap) before resuming the run to .175, then .25. (If I read E right there could be a long corrective 3 ahead for us.) And, got to fill that gap at some point...may depend on news or no news in the am. (Market so fickle...) But convinced we are on to higher highs without much hesitation. Just a thought. S.
I believe will be around 1.70 as the last leg of corrective wave (It's not easy to decipher, but by my best calculation), it appears should end at about the 50dma. Remember the macro market will affect the price and the S&P probably has a bit more to go-about 1750.
NVLX was at .51 was seven years ago; the bottom was three and one half years ago; and it has taken three and one half years to get to this point (although we hit .22 in May 2013). I only mention these as the length of time a stock has been on the bottom is an indication of how powerful the rally will be once it gets going. Interesting to ponder. S..
and three hours to go. Think news of 'N' is leaking out? Wait til after the conf in WA this w/e. Looks like .25 very soon is likely. And Yes!, in answer to the poster who asked if I thought 'N' is a candidate for reverse split. S.
Just trying to help you make some money while isr retreats after its bull run. NVLX at .133 now...will hit .25 in the next week or so. Easy money. Sorry about the hen scratches...should say #$%$' therapies.