OTC:NLST   Netlist, Inc
NLST is currently oversold on the daily with an RSI of 40 and a MACD that is starting to curl up.

On the 55 min chart we see a double bottom that follows a down trend. This is very bullish . I like the consolidation in the 4.80-5 range that followed and the higher highs reaching the top of the Donchian channel.

I anticipate some resistance at $5.14 but expect a move higher on the break of $5.14

target: $5.49, $6.06 in the short term. Likely next week.


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