Enkindel
Long

NEON Anyone else seeing the trend here?

BATS:NEON   NEONODE INC
263 8 2
Plain and simple. Anyone else seeing the trend?
you jinxed it!
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Why? Short poisons?
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Well one reason I felt it would break up out of the wedge is that it has around 50%+ institutional ownership. Institutions would not want to see it drop below $5 so that meant that when it broke it would be to the upside. Its a trend that has been repeated many times. Though I do believe this is a $35 dollar stock eventually.
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Look at my other chart on NEON to see the wedge and fib that I was also watching and posted the same day.
NEON Fib and longterm trending lines.
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Thank you, add me to your watch. I only post periodically when I feel Im onto something I havent seen others posting.
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Keep these sort of alerts coming! I like your charts. Easy and simple trading ideas. A lot of people must have made cash off this chart alone, regardless of how obvious it was. Many overlook the obviousness and simplicity in plays.
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Gotta say... even my yellow circle is eerily accurate. Dead middle of my circle the volume bar reaches perfectly from top to bottom.... Big breakout. 8.20 near term. Shorts will eventually get crushed when this company turns a positive profit. DYODD.
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Superb Alert.
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