With anticipation, the chart popping play promised you that has chart traders jumping all over each other and tech investors looking at for long term possibilities, is Northstar Electronics, Inc. ( NEIK )
Not only is this company involved in a billion dollar Aviation industry, their technology has made a massive impact in design engineering of sonar and defense.
Right now, a Support Bounce Play in its finest: This chart could not get any more attractive for $NEIK - http://ow.ly/gHtj30cDoqf
MACD - In a massive spread with signal line, reversal is so near you can smell it.
Histogram - About as far away from the zero line as it can be a very bullish sign.
RSI - At over sold levels, which combined with the MACD is a bullish signal.
Support at .0105 was tested yesterday and bounce from those levels looks eminent.
Those of you paying attention to the MA's the 50MA is starting to head up toward the 200 MA which could form a golden cross.
Chart traders just fell off their chairs....
Thus far, you have a support bounce play with a Golden Cross in the
making, resistance is
60% away from current price and L2 appears to be thin.
Not enough? NEIK specializes in design engineering and aviation. Key word here being #aviation, as we all know landing a nice government funded contract could be a big step for the company’s future and success. Per PR - June 2017 - CEO Dr. Wilson Russell Participated in the 2017 CANSEC TRADE SHOW https://t.co/HrHKEzE9cF with intentions to meet with all other major players in #aviation.
"Dr. Russell had meetings with senior people from the international aerospace company including the Vice President of Sales, the Vice President of Marketing, the Manager of Industrial Cooperation, and the Head of Military Aircraft in Canada along with other responsibilities in North America.
Primarily, meetings were focused on the actions remaining to move forward to an agreement with the international aerospace company's subsidiary.
Northstar, along with their shareholders and new investors, is seizing this opportunity in these highly touted market segments. So as you see, not only this is a great chart play but we are also not far away from the finalization of pending contracts which could bring great opportunities to NEIK.New contracts will free up the company financially to further its plans for success and possible contracts and acquisition deals with other major corporations.
"Dr. Russell states, "the meetings went well, and based on the information gathered from these meetings and correspondence with the subsidiary, it appears that they could be ready in the next few weeks to move forward to the next steps required to closing a formal agreement."
So if I am reading the recent PR correctly, NEIK has a revenue stream for future endeavors.
There are seemingly realistic opportunities for NEIK, considering contracts
with existing relationships and through new contacts, all of which is expected to exceed $$ millions
of dollars over the next one to five years.
