An interesting stock and tricky to predict the direction in the near term
You will note that there was a
pincher about a month ago (
these pincher formations are awesome if you catch them right) here is the chart
NPDI - SharpCharts from StockCharts.com
Immediately it shot up to $0.10 from $0.05 or 100% gain in a few days....then it fell back (so typical I find with pinchers) and jumped again but this time for a nice gain of 200% this time...but it looking a bit like it is falling again....hmmmmm
It isn't in pincher mode any more though so lets look at a normal sharpchart
NPDI - SharpCharts from StockCharts.com
The Bollinger bands are opening up so there is no dramatic jump or fall in the offing. It is interesting that it broke through the 50dayMA a good sign but now it has fallen back to it...hopefully it will be a support.
The TRIX looks great, however the RSI is headed below 50% from the look of it and there seems to be a bit of a sell-off on the Accum/Dist
a bit negative to me...except for the potential support shown by 50dayMA
Here is the P&F chart
Hmmmm....not so good. We broke through a support at $0.11 and we are showing a "
High Pole Warning this is a bearish signal when you lost more than 1/2 your gains when it went bullish. This usually indicates the beginning of a bearish move....not the end of it.
The support is all the way back to $0.05 again I am afraid. The resistance is $0.11 then $0.14 (confirmed 2 ways and should be strong) then $0.16 and then $0.21 and this should be VERY strong.
Here is the 5 day Yahoo linechart
Hmmm....this is a very thinly traded stock. As such it is hard to be definite on any short term movement.
Overall, I see this stock moving negative and sideways. Whether it meets the support level of $0.05 or not remains to be seen....this is a pretty solid support though and should hold. At best it will move sideways for a while...although with this low volume, anything can happen.