Netlist, Inc.Long
NLST Break Out
We see a series of higher lows and higher highs since the price bottomed at .89 back in early December 2022.
Price moved up sharply today on higher than average volume closing above the .38 Fibonacci level and the descending trendline.
The ADX signals a strong trend with a value of 38 and the D+ is starting to point up and it is well above the D-. The congestion index recently crossed 20 from below indicating the trend is gaining momentum.
The OBV confirms the up trend.
Short term target $2.21, $2.53, $2.92
Price moved up sharply today on higher than average volume closing above the .38 Fibonacci level and the descending trendline.
The ADX signals a strong trend with a value of 38 and the D+ is starting to point up and it is well above the D-. The congestion index recently crossed 20 from below indicating the trend is gaining momentum.
The OBV confirms the up trend.
Short term target $2.21, $2.53, $2.92
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