Wednesday, May 12, 2010

NWTT - Setting Up For Its Next Move Higher


NWTT has been sitting with solid support and decent buying volume the last two days. It is consolidating after an initial burst higher, this is healthy for a triple zero stock, especially one that looks poised to trade at much higher levels.

NWTT has been trading in the .0003 - .0004 range since Monday and I expect that range to bump up to the .0004 - .0005 range as the week progresses. Longer term, with continued buying interest, and absent any selling (which we have yet to see with this issue) this stock could see $.001 or better.

Keep this stock on your watch list, it will surprise you.

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