Obviously NES has copped a flogging since the last post.Stop...

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.
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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.
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