NTC 0.00% $1.10 netcomm wireless limited

Chart, page-2

  1. 792 Posts.
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    Using a simple 3 year chart:
    > NTC is still in a clear downtrend
    > Also bouncing off very strong long term support
    > Coming to the pointy end of a descending triangle so from here you might expect either of the two following outcomes and a strong move:
    1. The stock continues down and breaks through support which would be quite bearish and hard to predict a target price - capitulation
    2. Rebound upwards and break the down-trend... in which case the first target would be about $2.00 (long term resistance / support level)... and the start of a potential new uptrend

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