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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Bullboard Posts
Post by zetaon Jun 25, 2008 5:28pm
615 Views
Post# 15229524

TA AND CHART FOR THURSDAY

TA AND CHART FOR THURSDAYHi -- The candle today was dark cloud cover and it is bearish - now this does not mean game over -- it means that there are still sellers out there hitting the stock - also notice the long upper shadow on the candle from yesterday -- sure sign that the sellers /shorts are still around. So -- the volume was reasonable today, so we just might see a very short pullback pattern -- I think tomorrow is the key - if that low from today's candle can hold -- .51, then it will be a very good sign and we can look for a brief rest in the .51 to .60 range before an upside breakout. If NAG cracks under .51, it will likely get support in the .45 range-- which is about a 55% pullback . It is very hard to tell which way the stock wants to go now -- so, you wait and see and trade accordingly. I think this chart is strong enough to take us higher - so, give it a chance in the morning . I sold today at .55, but will buy back on the breakout over .65 --- or sooner if I can pickup a bullish reversal-- just the way I like to trade. Good luck tomorrow. Here is the daily chart Zeta
Bullboard Posts