Netlist has finally bottomed and the bulls are back. As you can see, the down trend is losing its momentum, strong support at .10 and .40, and we have a triangle formation which all points to an upward break out.
When I look at this chart with the weekly candles, I see a downtrend that has been ongoing since 2010. That bull run at the end of 2009 is not part of the trend. The trend starts immediately after that, with consistently lower lows, bleeding shareholders slowly like a stuck pig.