RESTON, Va., Aug. 9, 2018 /PRNewswire/ -- NII Holdings, Inc. ("NII Holdings") today announced the pricing of its offering of $100,000,000 aggregate principal amount of 4.25% Convertible Senior Notes due 2023 (the "notes").
NII Holdings (NIHD) operates telecom services in Brazil under the Nextel brand. NII is the controlling owner of Nextel Brazil after its partner ICE.net failed to increase its stake in the entity.
The shares of this Brazilian telecom provider have doubled since early June. The company made significant improvements on many fronts, but it still bleeds cash and has...
NIHD also had a volume surge on Friday it is currently OVERBOUGHT with a high ADX of over 34 +DMI is over 31 and -DMI is over 10. It managed to close over the 200/50/20/10 day moving averages.
Entry/support is currently 3.09/3.12/3.21/3.38
Pivot is currently at 3.49
Resistance is 3.59/3.66/3.77/3.93
I am currently looking to enter this at 3.21 to 3.38 if...
This stock responded to the wedge formation and broke out today, 6/12
I believe it needs to retest, my pivot point is set at $2.67. That would be a good dip buy.
*Let's see what happens!!!
*DISCLAIMER - I am not a professional trader, these are merely my views, thoughts, and opinions. Please seek professional advise in your investments.
NIHD - I've been tracking this stock since it took off in the .60's. After testing and re-testing the $3 resistance line, NIHD hasn't given up its bullish swing. It's a good play above the 7ma. Watch for dip buy opportunities as the RSI resets itself while in overbought territory. A healthy pullback to the 20ma isn't out of the question. An entry over the $3...
NIHD - Aggressive Driver Swing Idea
Since the end of Feb when NIHD's price was .60, NIHD has been
driving aggressively up the daily chart. With the price action
having doubled twice since then, previous candlestick resistance
at 3.01 and 3.30 is looking possible. Beware pullbacks in
price whenever the RSI is overbought. Those dips to the
20 MA could be...
NIHD has been enjoying a great
run since April 23. Recently
with the markets enduring some
pullback the previous three
days, price action fell to the
8ma line of support before
bouncing off for a nice 30 cent
move from open to HOD. The HG
technique says to stay in this
swing. My PT is at least 2.50, but
I'll wait till the HG says sell.
Postive direction with Harmonic pattern targeted 4.5 that was indecated with high volume in Friday with more than 5000000 for the first time since 27 May ....seems like bulls will take a place , 20 Ma should be hold as support