NXXI - Penny Stocks

mess7777 · Mon, 07-10-2006, 05:29 PM

Hey Mouser,

On the old board you had posted a chart on this stock. Since then it has not been faring so well, although it did have a green day today. Are you still watching this, or is it dead in the water?

mouser57 · Mon, 07-10-2006, 11:23 PM

Quote:

Originally Posted by mess7777

Hey Mouser,

On the old board you had posted a chart on this stock. Since then it has not been faring so well, although it did have a green day today. Are you still watching this, or is it dead in the water?

I posted that chart on June 21st. There were 5 indicators showing a trend reversal. The share price pentrated the 50ma looking strong and losed above, the failure to maintain the price and the slide continued to fall. Looking at the chart tonight the price failed to gain support at the 62%, 50% and is failing to the 38% Fib. This comes close to the 200ma. Looks like the 38% retracement level is a strong suppoprt/resistance level at $1.40 on a 3 year chart. start at Oct 03, Oct04, Feb/Apr/Sept 05 at a consolidation period of Feb through Mar 05.
If it pentrates that support level it will fail and travel below the 200ma.
Looks like a washboard stock.
IMHO
Mouser57

Mon, 07-10-2006, 05:29 PM	#1 (permalink)
mess7777 trying to fill some bags Join Date: Jun 2006 Posts: 222	NXXI Hey Mouser, On the old board you had posted a chart on this stock. Since then it has not been faring so well, although it did have a green day today. Are you still watching this, or is it dead in the water?

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