NLST - Shake out before moving up again?Netlist ran on a good court settlement and then sold off. We came back and retested support, so now I can see us moving up again to the targets above. Not financial advice, DYOR.
NLST trade ideas
NLST hit liquidity zone and running back up.Netlist is a hard long to hold but and easy one to scalp on occasion. I feel like we can run back up to $1.75 and then some. Will we get to $10? Well that will depend on all the lawsuits going forward this spring. Not financial advice, DYOR.
Netlist Bull Flag - Potential Scalp to Swing RunNLST is highly volatile FYI.... but I tend to focus on technicals. We have a proper descending triangle that is showing oversold conditions whilst swinging momentum to the upside. We also have a break of structure on the triangle with a successful backtest. If we can run from here I can see $2.50 as good target. Recent highs of $6 last year if your down to hold and swing. Not financial advice, DYOR.
NETLIST Bullish Transition Ahead?NLST had some dilution recently from what I remember. The stock has been hammered but is currently trying to hold outside the downward channel. If we can hold a good run is potentially viable. I have the first target near $2.95 and $3.13, basically between the 200 ma and gap fill area. And from there we could go much higher depending on lawsuit sentiments.
NLST: Bullish Deep Gartley PCZ at 200 Moving AverageNLST has pulled back to its support trend line and 200 Simple Moving Average which all happens to align with a Bullish Deep Gartley PCZ and it is currently Diverging on Both MACD and RSI and could be getting ready to more than double in value from here.
NLST still bullishNetlist just won the 303 million from Samsung thus a quick pump and dump on the news event. We still have many more lawsuits ahead and short term technicals look good. I sold 5.83 and bought back 4.30 -4.22 this has been a great trade for me. Some people are expecting BMV:60 I am playing this day by day. $5.50 is my target for the scalp but higher is likely imo. Not financial advice, dyor.
Mind The GapToday's lower wick stopped at the .38 fibonacci level on a sell off day post the gap up.
Despite giving up most of the 2-day gains the trend still looks sustainable.
ADX is rising into the strong trend zone while D+ crossed D- signalling an uptrend.
RSI broke above the overbought zone but slipped back.
I anticipate this gap to fill followed by a period of consolidation in the 4.60 range. Waiting for the RSI to move up over 70 for a possible swing trade entry.
Target:5.53, 6.21, 8.18 in the short term.
NLST Pulled Back and Ready To RunWe filled nearly every gap on NLST and we are looking quite bullish. I think if we break the wedge formation we can run to the upper fib level which is also the previous high. Not financial advice, DYOR.
NLST Next Leg UpWe see a series of higher highs and higher lows since the end of January.
Price seems to have found support at the .5 fibonacci level ($3.50), a level that acted as resistance in the past.
Average volume continues to rise and we see a "golden cross" happened on 3/29.
OBV confirms the trend, RSI starting to curl up to its MA.
Short term targets: $4.54, $5.78
NLST - Don't Give A Crap About Gaps?From a neutral TA perspective, we seem to be ignoring Daily gaps. How we interact at the $4 level will tell us what to expect. If we reject, we could retrace before the Samsung trial and gap fill all the way down. But if we hold above $4 we could just run straight to $5.10 . I am waiting to see how tomorrow interacts, but to be fair I have been long since $1.80. If we have a pull back I may add more. Not financial advice. DYOR.
NETLIST - To Retest Local HighsI sold my NLST around 3.83- 3.90 and I have been reaccumulating under a speculative bounce. I think we have enough buyers coming in to consider this a good trade. I think we can possibly retest those previous highs before April. Not financial advice, DYOR
NLST - Potential Moves Higher SoonNetlist has been tearing it up lately! Perhaps it's the normal buy the news type run up we would expect leading into court dates? We have been squeezing the shorts on the way up, let's squeeze them some more. Not financial advice, DYOR.
The case is currently set for a pretrial conference on March 27, 2023, with the jury trial beginning on May 1, 2023. Jayson Sohi, Netlist's Director of IP Strategy, said, "We are very pleased Magistrate Judge Payne entered term constructions in Netlist's favor for the vast majority of the terms at issue.
As found on reddit (I cannot confirm all info)
03-09-22: (March)netlist vs Google: markman hearing
03-31-22: (March) netlist vs micron: markman hearing
04-12-22: (april) netlist vs Samsung in Texas (patent case about 918, 506 and 339 patents)
www.reddit.com
NLST $3.71 TargetNLST has continued to rally since the the break out on 2/13,
The RSI spiked at 85 before retreating out of oversold territory and closing just over 70. This is very bullish.
Price closed above the 2.61 Fibonacci level on higher than average volume after testing the prior gap at $2.55
Price will likely find support at $2.55 and currently appears likely to make a bull flag/pennant pattern.
Short term target $3.71
NETLIST - Test Back To Recent Highs?I think NLST could test back to recent highs, I think if we get some more volume and momentum upward this will be an easy swing. However, I recommend this as a long term hold as they have many patents with lawsuits in the later stages of discovery (If I understand it correctly). Do your own due diligence on this one. Not financial advice.
NLST Break OutWe 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
NLST RallyRecently (6/25) we saw the price test 2.58 which was last year's high before making a 5x run.
Since testing that level we have seen 6 consecutive green days and a close above the .5 fib level, with above average volume. In addition price closed above the weekly uptrend line.
This appears to be setting up for a potentially massive continuation rally which is likely to reach last year's highs in the $10s.
First target: 5.11, 6.64, 10.20
Price over 10.20 will be dependent on case settlements
NLST Break OutOn the daily chart we see a massive symmetrical triangle that started in June 21 when the price rallied from the low $2s to a high of $10.20.
Price has bounced within the triangle testing the testing the ascending and descending trend lines 4 times.
The current price is exactly at the POC line, where the most volume of shares have traded from June 21, 2021 to current. The MACD is positive and the D+ is crossing the D- suggesting a the start of a new uptrend.
It is also relevant to mention that we are currently approx 75% thru the triangle formation a point where break outs or break downs often occur.
Looking for a break above the descending trend line with high relative volume to confirm the breakout.
$7.46 short term target. Catalysts will ultimately determine the upcoming move.
Looking for new highs in the mid to long term.
NLST BullishThe most recent candle tested the low prior to the gap down on 12/3 after 3 prior bullish days. The MACD is crossing that the D+ is crossing the D- as the ADX is 33 signaling a potential start to an uptrend.
I anticipate seeing the price fill the gap at $6.79 and then continue back to the $8 range in the short term.
NLST Three Inside UpNLST closed just under a key level that has acted as support and resistance several times in the last 3 months or so.
This 7.90 level was also significant as far back as November 2009 when it rallied to the level after multiyear lows.
NLST looks to be setting up beautifully with a "Three inside up" pattern which retraced to the .5 fib level after meeting resistance at the 7.90 level. The most recent candle made a hammer and closed at 7.90
I am relatively confident that NLST reaches the $8.93 level some time next week (Nov 1 -Nov 5)
Disclosure: VERY **Long NLST**
NLST Rally OnI usually don't post ideas with intraday charts but I have found that after a big move up the 55 min and 13 min work well to establish key levels at new levels.
After consolidating at the $6.25 range for several days the price broke out of the range with volume and managed to close above the .38 fibonacci level.
Today (10/26) NLST gapped up nicely to open at $8 and by mid day filled the gap down to $7.5 before moving up the remainder of the session.
The gap fill to the .38 fib level and the imminent break out of the pennant on the 55 min chart are both very bullish.
I am long NLST but I think this is the start of a multi day rally back to the 52 week high level.
Damages awarded and possible settlement news will be the big fact here but on a technical level it looks like a runner.
NLST Break OutPrice consolidated for nearly a month in the 5.70 range and crossed the descending trend line. Also the 9ema crossed the 20ema and the price managed to close over the .23 fibonacci level and the 50 sma.
Im anticipating a run to recent highs with resistance/ consolidation at the various fibonacci levels.
targeting: $9.48, $10.88
NLST BullishNLST is currently oversold on the daily with an RSI of 40 and a MACD that is starting to curl up.
On the 55 min chart we see a double bottom that follows a down trend. This is very bullish. I like the consolidation in the 4.80-5 range that followed and the higher highs reaching the top of the Donchian channel.
I anticipate some resistance at $5.14 but expect a move higher on the break of $5.14
target: $5.49, $6.06 in the short term. Likely next week.
nlst looks bullishNLST looks bullish hold for long position average down for a long position volume is picking up looks good no bad news.
