NIHD Straight From the Notebook

Alright, some of you may have seen my actual stock notes before, but I am going to post up a chart of NII Holdings (NIHD) for you to look at with my notes on the chart. Hopefully you can use them to make some money off the stock which is currently trading at a real time last tick of $63.42. First look at NIHD’s chart:

Now, note the current support and resistance lines, this is where you want to make a play if any. The stock has been under distinct distribution, but is holding up in the mid $60s right now. There has been no turn around day for the stock yet that has me waiting for it to recross $65, and odds would bring it to the 50 MA before new highs. The chart explains your entry points for this stock, and I suggest adding NIHD to your watch lists!

Happy Hunting.