Monday, January 21, 2008

Possible Bullflag



NITE has risen after earnings and has made a small flag pattern. It would be best if it can wait 1 or 2 more days at this level before breaking out but it may not do it. Buy point would be above recent highs of 15.68 and support may be around flag lows somewhere at 14.60. If this market continues it's downward slide, then watch out. If it bounces from this oversold levels, then this flag may work.

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