NEAR #NEAR Update (Jul-06)
After retesting the $3 zone, which NEAR broke through last August, a natural recovery to the $4.5 zone appeared, which is a good sign for a strong recovery or even a new rally in the near future.
However, NEAR will still need a lot of time to continue to accumulate in the 3-4.5$ zone according to Wyckoff theory.
Although there is buying power, according to Wyckoff theory, there will usually be a false break below the $3 zone and if it doesn't appear to buy back to the $3 zone, this pattern will fail and the NEAR will fall strongly to the 1.5$ zone
However, NEAR will still need a lot of time to continue to accumulate in the 3-4.5$ zone according to Wyckoff theory.
Although there is buying power, according to Wyckoff theory, there will usually be a false break below the $3 zone and if it doesn't appear to buy back to the $3 zone, this pattern will fail and the NEAR will fall strongly to the 1.5$ zone
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