Obviously NES has copped a flogging since the last post. Stop losses should have been placed below the trend. All is not lost. I have a method that can be used for bottom fishing based on my short term chart. Timing suggests that this coincides with an imminent reversal in sentiment. When I get a blue and red in consecutive columns, I count the boxes between the blue and red. In this case 6 boxes. You then count a further 6 boxes below the red to get a floor price. In this case 5.4c. I believe the floor is in for NES. . . Here is one that occurred previously for a company that everyone should know. NCM. I do use a different scale for large caps. NB NCM is a buy right now. .
NES Price at posting:
5.5¢ Sentiment: Buy Disclosure: Not Held
