NLST Bites the Dust and Black Service Pulls A +10% Day Trade Short
Nov 17, 2009 Day Trading, Technical Analysis
Want Real Time Trade Alerts That Perform? Black Service is up +130% in 2009 and over +1800% since April 2006. Get a 2 week Free Trial! Read testimonials HERE from new members as well from those who have been with ttt.net for years.
NLST had made an insane run over the past week from below $1 to nearly $7/share in no time on an insane amount of volume. What goes up must come down its just a matter of timing. I alerted today in real time that i took a short position in NLST as it was breaking down an intraday pattern @ 5.54. My target here was $5/share as it is a pretty big psychological support area. We were able to cover @ 4.99 for a solid +10% day trade in a short amount of time. Though if you were a little more patient NLST continued to get hammered into the close after it stalled around 5 for a short while. NLST ended up closing the session @ 4.10
Technical Analysis:
