Monday, April 27, 2009

NGA Due for Pullback

One stock from the LP Momo watchlist, NGA has been a day traders stock from a low of $4.80 towards $5.77 in quite a short time of course no need to grab the entire day's range just a portion of it would be good enough.

I was watching it early morning trying to enter but can't seem to find my spot. Well, the good thing is I learn a lot just by watching it. The stock ends in positive territory but the bulls are bit tired. Entering here would be highly risky, see A and B these indicators are way overbought. I'm waiting for the price to test support around the $4.50 area.

No comments:

Post a Comment