Netlist is a hard long to hold but and easy one to scalp on occasion. I feel like we can run back up to $1.75 and then some. Will we get to $10? Well that will depend on all the lawsuits going forward this spring. Not financial advice, DYOR.
NLST is highly volatile FYI.... but I tend to focus on technicals. We have a proper descending triangle that is showing oversold conditions whilst swinging momentum to the upside. We also have a break of structure on the triangle with a successful backtest. If we can run from here I can see $2.50 as good target. Recent highs of $6 last year if your down to hold...
NLST had some dilution recently from what I remember. The stock has been hammered but is currently trying to hold outside the downward channel. If we can hold a good run is potentially viable. I have the first target near $2.95 and $3.13, basically between the 200 ma and gap fill area. And from there we could go much higher depending on lawsuit sentiments.
NLST has pulled back to its support trend line and 200 Simple Moving Average which all happens to align with a Bullish Deep Gartley PCZ and it is currently Diverging on Both MACD and RSI and could be getting ready to more than double in value from here.
Netlist just won the 303 million from Samsung thus a quick pump and dump on the news event. We still have many more lawsuits ahead and short term technicals look good. I sold 5.83 and bought back 4.30 -4.22 this has been a great trade for me. Some people are expecting BMV:60 I am playing this day by day. $5.50 is my target for the scalp but higher is likely...
Today's lower wick stopped at the .38 fibonacci level on a sell off day post the gap up.
Despite giving up most of the 2-day gains the trend still looks sustainable.
ADX is rising into the strong trend zone while D+ crossed D- signalling an uptrend.
RSI broke above the overbought zone but slipped back.
I anticipate this gap to fill followed by a period of...
We filled nearly every gap on NLST and we are looking quite bullish. I think if we break the wedge formation we can run to the upper fib level which is also the previous high. Not financial advice, DYOR.
We see a series of higher highs and higher lows since the end of January.
Price seems to have found support at the .5 fibonacci level ($3.50), a level that acted as resistance in the past.
Average volume continues to rise and we see a "golden cross" happened on 3/29.
OBV confirms the trend, RSI starting to curl up to its MA.
Short term targets: $4.54, $5.78
From a neutral TA perspective, we seem to be ignoring Daily gaps. How we interact at the $4 level will tell us what to expect. If we reject, we could retrace before the Samsung trial and gap fill all the way down. But if we hold above $4 we could just run straight to $5.10 . I am waiting to see how tomorrow interacts, but to be fair I have been long since $1.80....
I sold my NLST around 3.83- 3.90 and I have been reaccumulating under a speculative bounce. I think we have enough buyers coming in to consider this a good trade. I think we can possibly retest those previous highs before April. Not financial advice, DYOR
Netlist has been tearing it up lately! Perhaps it's the normal buy the news type run up we would expect leading into court dates? We have been squeezing the shorts on the way up, let's squeeze them some more. Not financial advice, DYOR.
The case is currently set for a pretrial conference on March 27, 2023, with the jury trial beginning on May 1, 2023. Jayson...
NLST has continued to rally since the the break out on 2/13,
The RSI spiked at 85 before retreating out of oversold territory and closing just over 70. This is very bullish.
Price closed above the 2.61 Fibonacci level on higher than average volume after testing the prior gap at $2.55
Price will likely find support at $2.55 and currently appears likely to make...
I think NLST could test back to recent highs, I think if we get some more volume and momentum upward this will be an easy swing. However, I recommend this as a long term hold as they have many patents with lawsuits in the later stages of discovery (If I understand it correctly). Do your own due diligence on this one. Not financial advice.
We see a series of higher lows and higher highs since the price bottomed at .89 back in early December 2022.
Price moved up sharply today on higher than average volume closing above the .38 Fibonacci level and the descending trendline.
The ADX signals a strong trend with a value of 38 and the D+ is starting to point up and it is well above the D-. The...
Recently (6/25) we saw the price test 2.58 which was last year's high before making a 5x run.
Since testing that level we have seen 6 consecutive green days and a close above the .5 fib level, with above average volume. In addition price closed above the weekly uptrend line.
This appears to be setting up for a potentially massive continuation rally which is...
On the daily chart we see a massive symmetrical triangle that started in June 21 when the price rallied from the low $2s to a high of $10.20.
Price has bounced within the triangle testing the testing the ascending and descending trend lines 4 times.
The current price is exactly at the POC line, where the most volume of shares have traded from June 21, 2021 to...
The most recent candle tested the low prior to the gap down on 12/3 after 3 prior bullish days. The MACD is crossing that the D+ is crossing the D- as the ADX is 33 signaling a potential start to an uptrend.
I anticipate seeing the price fill the gap at $6.79 and then continue back to the $8 range in the short term.
NLST closed just under a key level that has acted as support and resistance several times in the last 3 months or so.
This 7.90 level was also significant as far back as November 2009 when it rallied to the level after multiyear lows.
NLST looks to be setting up beautifully with a "Three inside up" pattern which retraced to the .5 fib level after meeting...
