NTC 0.00% $1.10 netcomm wireless limited

Chart, page-54

  1. 4,646 Posts.
    lightbulb Created with Sketch. 430
    Good evening ladies and gentleman. This is a new stock that is now on MY radar after today's amazing price action. I found out about this company just last night by random luck to be honest whilst doing research into another one of my holdings.

    I thought that since the information was really useful for me, I as a technical trader would like to pass MY findings onto you all for however you seem fit

    Here is the chart for the perusal of all, no need for a long post as all my thoughts are pretty much explained on there.

    I just wanted to address these points mentioned by @Bojangles1. At the time of your post which was 4th October you were correct to say it was just a small percentage of company total. However you need to factor into it the amount of the days TOTAL VOLUME that was short sold. That percentage becomes alot higher.

    The REAL REASON why NTC's price is increasing, is because early short sellers from 2nd October are now getting squeezed. Whoever is thinking to short right now especially leading into Friday is totally crazy. ASX is a HOT market. NTC is breaking out, ASX is also breaking to new highs and from there its really off. Be careful I hope everyone makes money on the long AND the short!

    Here is the chart for everybody's perusal. Enjoy, and please do tell me your thoughts. I think this is a buy above $1.40c if it can hold as new support

    NOTE:
    KEEP #CIO also hot on your watch list. This too has NEWS IMMINENT and up 10% in 48hrs off no news! It may be another large purchase order or a Government/Military contract win. This will also break-out. So something for the punters


    #NTC 19.10.17.jpg
 
watchlist Created with Sketch. Add NTC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.