How to spot a high probability turnaround stock

For those who are worried that NEA is going to race away to $4 in one hour and keep buying and topping up since it hit the down trend around 3 years:

(1) It has been said many a time here that this will not happen and it will not.
(2) It has been said many a time here that when a stock turns it will give you plenty of opportunity to get in and make a decent return.

For those who are not interested in learning, look no further and keep moving on.

For those who are interested then I ask you to look at the GEM chart. But not the daily or 5 minute chart to emphasise the point. Look instead of the weekly chart with say a 10 year period to get a good picture of what is going on. Then look at the OBV of each chart and you will see GEM clearly breaks whereas NEA is continuing its journey down with nothing convincing to say it has broken its down trend.

Then look at the price action of both. You will see how GEM is starting to move NICE AND SLOWLY.

Hope you have learnt something useful