NI - bearish engulfing

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NI = 18.5 ()

NI seems to have formed a very bearish reversal signal: bearish engulfing. A big black candle seems to be eating up the smaller white candle of the previous trading period.

Disclosure: I sold all of my NI at 20... whew! Good thing I wasn't a technical insider again for NI.


Support for NI might be at the 65MA (16.75-17)

Resistance now pegged at the upper shadow of the black candle at 21.25, if NI fails to break this resistance tomorrow... it can be a confirmation that the trend has reversed from this recent rally toward: consolidation or down trend.

Good luck to all NI traders!

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