derekh42
Long

Huge support to be found at $1.80

TSXV:N   NAMASTE TECHNOLOGIES INC
Namaste has taken a beating by the shorts but if N crosses the 200 simple (purple line) I can see solid support at $1.8 or .236 fib. the massive amount of volume screams the bulls are loading up and ready to bankrupt Andrew Left. Lets see what happens this week im guessing at $1.80 to $2.30 range. its going to be volatile and lets watch the volume! don't forget to keep an eye the on TSX and SPX as the major markets are experience sell offs.
my prediction was correct. the bulls were loading up at 2.00 and created a short squeeze to .382 fib as predicted. The weekly 20 day moving average is the next test at 2.50 Monday morning and hopefully find weekly support at 2.30. if this happens namaste will be building solid support for the 50 simple (blue line) which is very bullish. In my opinion I can see this stock trading at new highs in the next 3-4 months. due to the fact the support we saw today and this could be a start of a new trend. lets wait and see!
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