NNVC Hourly Trend Model
As volume has picked up in 2010, the above hourly trend model has caught my attention, especially for those seeking additional entry points for NNVC.
The recovery late Wednesday from 1.70 to 2.00 was enough to trigger a fresh Buy in the hourly model. Note also the early warning Sell generated April 15th at about 2.40. NNVC then dropped to about 2.16, triggered a Buy that was quickly reversed to a Sell at 2.06, which then saw NNVC drop to 1.70 before the reversal Long on yesterday's close.
I'm not suggesting actively trading NNVC based on intraday trends, but, the trades and opportunities are there, for anyone so inclined.
