Monday, July 26, 2010

NNVC - trend model update

The Daily Trend Model for NNVC triggered a Sell on June 30 at about $1.83.  Sitting today down about 25% from that Sell signal, NNVC is firming and may provide some reversals LONG from these levels.

NNVC_240

The NNVC_240 Trend Model remains in SELL mode, but will reverse LONG on any four-hour close above $1.41.  


NNVC_Daily


The NNVC_Daily Trend Model requires a daily close above $1.55 to reverse LONG.  The above 240_minute model gives an entry that is about 10% lower then the Daily Model, with a correspondingly higher risk of being whipsawed.  But we have seen this stock run up before and if there is enough price strength to move NNVC in to the $1.40's, it seems likely that the Daily threshold will also be hit.

Right now, with NNVC trading in the $1.30's, there isn't much to do.  Only in the event of a price rally will these models kick in on the LONG side.