novogen set for afternoon rally?, page-7

Bultana,

Acouch was referring to 2 gaps to be filled, they were at $3.80 and $3.40 approx....they have been filled, the next gap is at around $ 2.80, so i think we're safe on that one for the time being.

The MACD doesn't look great, though that was caused by the recent retracement, so be heading into positive by monday I would suggest.

The RSI is looking a lot healthier than the recent overbought status. Blind freddy saw the retracement around mid december.

To conclude, we have a new gap to fill which looks like a fair resister at $3.50-$3.55, once through that I believe we will see NRT fluctuate between $3.60 and $4.00 for awhile until we get a positive announcement. Then what is anybody's guess.

This is only my view and I've been wrong before, but I've also accumulated more NRT by selling a % of my shares before any retracements. I warned people on Ozestock (gerry will attest) to sell some around $3.90 and buy back in the low 3.70's. ok so I didnt read the depth of retracement but I've still acquired more NRT for the same dollar spend