Below you will find pages that utilize the taxonomy term “NEP”
I’ve been posting a few candlestick chart scans and asking my readers, “would you buy them” here and now or just posting some basic commentary about them being screwed. Let’s take a look at how one of them faired after I wrote about them. Today’s review is $NEP, which made a wicked hanging man on Jan 7th, and I thought it was in trouble based on its parabolic move and then hanging man.
ITs back to basics for me. I'm spending more time looking at candlestick formations again for potential clues. Today's review is MYL.
MYL looks in trouble. Its had a nice trend run but on Friday it gapped lower on heavy volume and created a nice hammer. Hammers on up trends spell danger, as the trend could be changing. Let's keep an eye on this one to see what happens.
NEP showed up on my all-time high scan yesterday but after a closer look at its chart it scares me. Looks like the bears came out and created a hammer. I think NEP is screwed.