NTG national telecoms group limited

Telco alert came early .....

  1. 5,411 Posts.
    Hi folks,

    You will remember on 311002, a telco alert was
    posted using NTG as an example ... it turns out
    that the actual low was not signalled until
    last Friday ... better to be alerted early though.

    As it turned out, the Uranus station marked the start of
    a nine day slide to last Friday where it finally signalled
    that a low was in, subject to confirmation.

    It carved out a nice hammer with the best volume
    seen in this stock for nearly three weeks.

    If it opens on Monday above .82 cents it will be
    a strong buy signal ... that will be a hammer in
    a morning star candle formation.

    That low came in at the point where the price
    started to rally on 14122001 at .71 cents. You
    will remember that was exactly one year since it
    was listed.

    From here, if the price can hold above 80 cents,
    then we might expect it to start recovering in
    the channel between the two dotted magenta lines.

    These two channel lines are derived from the price
    action on the day of listing .. "first trade date".

    Of course, it can also test the low at .71 again,
    but so far it is looking good for a morning star
    pattern ... looking for an open and close above
    .82 on Monday, preferably with continued up volume.

    As previously indicated, i will not be taking this
    trade, due to overseas commitments and be sure to
    check the fundamentals on this one ....as posted
    previously, i know NOTHING about this stock.

    You can check the updated chart at:

    http://www.incrediblecharts.com/forums/messages/8/10688.html

    top trades

    yogi

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