Still no real changes overall. Same as for over a week. Though the longer they stuff around right near the $4-80 line the more iffy they get. I think we would want to (like to) see at least a $5 touch again within a few days, to help the chart look a bit stronger.
$4-80 remains a key point, but also allow some leeway under it to cover the chance of a play to shake people out with an undershoot of it. That has two main places, $4-75 and 65, so that is the 'cost' of covering that span of possible undershoot. Going under $4-80 would pretty well trigger that dip for sure, and once they bounced off that line (IF it even happens) it becomes an area of toss a coin - abandon ship, or ride on in belief of the company I guess. Which is why the main player(s) let, or create, the moves to do so.
Hopefully we will see that rise towards $5 soonish, which will help dramtically lower those odds of an undershoot to cause grief!
Still looks a 'buy' to me. Though becoming a bit more of a gamble whilst in this danger area. But trading today so far has been ok at least.
NRT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
