Chart - NXR, page-188

Well, my last chart take(s) for the day....have a good one all.

First is the longer view (6 mths) and I have overlapped both the ascending triangle (green lines) as discussed b4 and the uptrend Channel (red lines).

In both patterns we see the break down through them (A) testing for support and finding some today with a bounce off the Bollinger Band but with further confirmations required next few days eg. volume. The drive down is obviously a consequence of the heavy selling (B) as a reaction to the Ann and the inevitable profit taking, SP drop & some weak hands. Personally, I still feel this can be somewhat isolated in view as there was no real underlying negative factor (Ann or Fundamentals) that justified the move to be ongoing.


The next chart shows the daily (2 mths) with (A) the Spinning Tops I posted about previously indicating some indecision in the market last 2 days and (B) the close today showing (not perfect txt book) a very close combination candlestick pattern of the Bullish Engulfing and Tweezer Bottom - explanations attached at the bottom.