BEFORE it happens, more often than not it's as though they pulled out all the stops to make it NOT happen. Usually I wouldn't subscribe to such theories, but I just don't know anymore.
However, as much as I'd like to see Noront in better shape than it is right now technically, I still see some things that might help others to hang on ( or sell, if they're more comfortable with that....)
At any rate, I really do believe we're gonna see it brought down a few more pennies, to right around $4.00. That will create a double bottom on the multi-day, intra-day chart, as well as on the daily chart.
I wouldn't be surprised if they play really dirty and drive it down low only to see it recover instantly. Personally, while it takes real guts to withstand a tree-shake like that, it proves the strength of the stock and the shareholders when a stock recovers like that, and leaves only wick on the candlestick at the bottom.
At any rate, a double bottom is often the base camp a stock will build before it begins it's eventual ascent again.
The other thing that holds a bit of promise is the weekly chart. MA's are crossing over there...( last time I said that, they moved apart shortly thereafter...drat!)
Anyways, make of it what you will, just some stuff that might help y'all out.
GLTAL