NTEC - Intec Pharma: Is It Time To Go Bottom Fishing?
Shares of Intec Pharma (NTEC) rose by over 50% shortly after I suggested readers pull the trigger after the secondary offering last August- from there the stock lost all signs of strength and is currently 22% in the red and trading near all-time lows.
Chart
Figure 1: NTEC daily advanced chart (Source: Finviz)
Figure 2: NTEC 15-minute chart (Source: Finviz)
When looking at charts, clarity often comes from taking a look at distinct time frames in order to determine important technical levels to get a feel for what's going on. In the first