NEWM is a "local media assets" company. Basically: local newspapers.
The stock is pulling back to support, while under strong accumulation.

Name:  Newm_TA.gif
Views: 166
Size:  27.1 KB

Name:  NEWM_P.gif
Views: 160
Size:  43.0 KB

This makes for a low risk entry at $21.66 with an exit target at 22.74

Name:  NEWM_T.gif
Views: 139
Size:  19.6 KB

Note below that entry zone is between $20.98 and $21.77. This is where the Reward/Risk ratio is higher than 2.

Name:  Newm_S.gif
Views: 166
Size:  16.5 KB