candlestickninja

Intermediate to short term 'Gap Coverage' Analysis;

Long
NASDAQ:NURO   NeuroMetrix, Inc.
All watch as Neuro attempts to cover it's previous earnings gap to the downside. As you can see we have a polarity between indicators, with stochastics saying 'down boy' and the previous Fibonacci ratio of .786 that was obeyed implying a rise to atleast 100% of the previous fall to around 1.35-1.40 should eventually happen. If we can't break 1.10 though today I feel we could drop into the .90-1.10 channel to build up more volume for the next try.

Stochastics have crossed though but then intraday has entered a phase of being overbought.

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