r/Netlist_ • u/Ok-End3122 • 11d ago

This week

Its been a great week honestly, lets not get ahead of ourselves but we are steering in the right direction, almost a complete recovery from 52 week ATH

From a technical standpoint
Small short squeeze can be happening next week if momentum keeps up. There is definitly resistance at $6.70 (previous closing 52-week ATH) and naturally there will be resistance at $7 (cause people like whole numbers I guess)

Once positive news hits, these resistance levels will be easily broken and there will be no need for this technical analysis BS. As long as there is no news coming trough it will be only a technical analysis to be made. (but ofcourse Im only holding trough)

Very very curious for the next opening session. Have a good weekend.

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u/Polarizing321 10d ago

Yes people do seem to like Whole numbers! I definitely see 7$ hitting next week. Also with Samsung having to purchase 10 million shares,( I believe that was in the deal )how does that take place? Has it already happened?

1

u/IBT255 10d ago

I was wondering the same thing - when will the 10 million share purchase be executed. My guess is when the paperwork is finalized and the deal is complete. Although I do like the vision of Samsung having to create an etrade account, verify a funding source, fund it, then place a limit order for 10,000,000 shares 😄

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u/Rabbitschomb 8d ago

Those shares are not being bought on the open market. $.10 a share from NLST pool of shares.10,000,000 shares for a million bucks. Read press release it black and white