chart update

There are chartists following NDO that far much better than me. But I thought I would share a few thoughts I have purely based on the chart (ignoring the good fundamentals) as follows;

A) I think there will be really strong support at 6.1 cents - see my attempt at Fib retracement levels

B) We are still trading well above the 200 day moving average

C) The Bollie bands have now opened up - less restricting for potential larger upward moves

D) RSI is just now starting to get close to overbought - but a lot of stocks I know have had RSI above the 80% level for weeks on end - so this is not an issue for NDO yet

E) Volume is still really good - a lot of interest in this stock at present

F) We are still in a very clear uptrend and retracements will happen along the way. Try not to get carried away with the action hour by hour

Let's see how things go but to me, NDO is still very much a hold, with possibly even an opportunity to add to positions in the low 6's. But higher levels look pretty likely in the next couple of weeks.

Good luck to holders.