NI - failed to achieve higher high


NI = 20.25 (9.5%)

If you look at NI you will note that after forming a black candle the price movement of NI failed to push the upper limit of the bolliger bands which may indicate loss in momentum of the uptrend. Although NI formed a white candle which was able to cover more than half of the previous black candle, it was not able to achieve a higher high. Also if the supply line holds today's white candle was not able to break that supply line. I was hoping to get back to NI because the ticker tape was riddled with orders for NI mostly buy up orders. But i had to stick to my plan that I was to buy into NI if and only if it was able to achieve a higher high and a higher low and big, as in big volume. Neither of which was accomplished by NI today...

Support:
17.75 - lower limit of the black candle
65MA

Resistance:
21.25 - upper limit of the black candle

Good luck to all NI traders :)

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