Nera TeleComm (N01) Updated as Requested

Since my last Posting on the 22 Dec 2005, the situation has been totally reversed. The Double Top within the Triangle and the Dead Cross had not happened and instead the dangerous position was pulled back and rallied.
Let’s do a post mortem.  The 22nd instant low point (2) was having a lower low relative to (1). What caught my eyes was the Volume of (1) was doubled than of (2).  This was suggesting that down force was weakening. You can also see from the chart that the next day’s volume was a dried up. Thus, all these would inevitably form a perfect launching pad for the 27th Dec rally. Since then the columns of volume were very steep and this magnified its aggressiveness and sustainability.
Today as expected, the usual Friday, profit-taking day for those stocks that have been up this week. Nera Com dropped 1 cent (49 cents) on lower volume (1.068Mil) should be taken as a healthy breather. Since Nera is cash rich, this stock should have the potential to ripe profit on longer term.
The key question here is the short term overbought? So let’s see! The Black Candle can be down played by the CCI still though above 100 level; has not go under it. As if in agreement, the stochastic trend is still upward, suggesting similar story of the “still safe” environment.
Based on the last preceding high against the Sept last year low, your last puff (short term TP before correction) shall be approx 1.618 Retractment equal to 52 cents. The support line stands at 46.5 cents