Northgate Information Systems - Strategic Repositioning And Reason To Buy

Hey Hotfinance,

Looking at the chart for NIS from '96 to the present we have a strong support line beneath the price from the low in 2003 but an even stronger resistance line at 95p not very far away at all. The resistance line was reached and rejected in 1998 and twice in 2001 from where it eventually fell to below 10p.

I would definitely expect the price to try an upside break but it could well go the otherway afterwards. I think 100p might be hard to reach initially as we should see quite a few shorters on a test of the resistence. What do you think?

PS How do you add an image to the board?