The Faraj List of Exploding Stocks Part 3.04 (FAR3)
melfaraj - Fri, 02 Jan 04 :
pwcarnall, ntx
i have had, and still have,high hopes for ntx. the stock suffered a lapse dure to issue of discounted rights issue.
chart wise i had earlier anticipated the stock to flatten up at current levels and then rise exponentially in order to form the handle of a cup. it did and today has risen some 8%. so it is doing the right thing.
the completion of the handle will spell the completion of the most bullish of chart formation known to chartist. on the other hand any drop below 100p will not boude well for the stock.
on the positive side, there is volume rise and the indicators lie at the bottom.
