I noticed that NMX has broken important support area few day ago. Now this stock is very slowly going back into area of former support now acting as resistance.

This pullback to 87 - 88 area will present nice shorting opportunity with targets near 75 area with very good risk reward ratio.

This entry was posted on Wednesday, June 11th, 2008 at 1:06 pm and is filed under Stock chart analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.