NI - breakout

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NI = 14 (30.2%)

White candle... Huge volume... what else can you ask for in a breakout?

NI resistance at 12.5 was engulfed by the huge volume (8.7M)

Support: 12.5 (previous resistance)
32MA = 11.25/11.5

Resistances:
130MA = 14.75-15
65MA = 17.5-17.75

Disclosure: I have been "technically inside" NI since prices were at 24. Its recent price action will help me recover the "paper losses" and might be able to decrease the effect of cutting my positions with NI.

Go NI!

Good luck to all NI traders.

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