break of 1.4 bullish signal to me
The pullback on the first BIG pumped candle on good news. The next September 5 news announcement @ finance.yahoo.com (The pullback could be a big spike on today's announcement )
No notes needed, pure price action.
Above based purely on chart analysis Clear barrier at $0.73. Next week, watch for support or break of this line. BREAK - Bears now back in control and likely to fall below $0.70 to a new low for the past 7 days and then establish a new support. SUPPORT - if Bulls can keep above the $0.70 into Tuesday then price will likely move onto the next stepping stone...
After 2 years, NCTY is ready to move back north. The chart has completely reset and the moving averages are almost perfectly aligned. GL!
79% of the time, this pattern is a bearish reversal. Althought it doesn't imply a lasting reversal, the short-term future is a bit more clear. thepatternsite.com