Ariel can I start with an overview of the weekly as there's some important points there.
Firstly you will note that current levels has been a popular support / resistance zone for a long time so no surprise seeing it pivot here. Also the shaded box of resistance to churn through is going to take some doing, you can see that entering that zone recently is where it failed.
click on chart to enlarge.
Now coming back in a little closer the daily shows a big gap down from .13 cents. (was there a CR or something?), sure was a momentum killer regardless.
SP has retraced now back to the popular 62% level. Match that with the weekly support level and I can't see this coming back much further unless there is news to the contrary.
I'd be really looking for a close of day above that yellow 8ema to begin paying attention, following that I'd want the 8 to start wicking up towards the bollie median line. That would be a very cautious entry level for me (with a finger on the sell button on any sign of weakness). But once the 8 crossed over the bollie median (very bullish) the target would be possible gap close.
MACD will mirror the 8ema and be also nice to see cross. That 8ema really is the greatest short term trend indicator, need that wicking up.
All just my thoughts, really want this one to work out. The world needs it.
Cheers
Chart - NTI, page-3
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