Jun. 24 at 6:23 PM
$NITO This stock I've concluded is very news driven, any technical moves are quickly retracted through key resistance levels.
We are currently at a key resistance trendline, a breakup and hold here, will open up the shown trajectory setup. Company bullish updates would see the fruition of that setup.
There is too much resistance for the stock to run organically, without a significant news release.
The company did recently announce some good news, but it was not significant, more of an update to current developments.
Going by the frequency of news released, I would expect more to follow ASAP.