Agreed. Seems another descending triangle has formed within the bigger descending triangle which if realised will complete the bigger descending triangle's target (about 18.5c).
http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1095615&msgno=4996888#4996888
Fundamentally I am bullish on the stock (see yesterday's post by Antman) but chicken technically.
Short term support is 22.5c and it has been touched too frequently in past few days with the bounces becoming increasingly shorter. Today's range was especially small (0.5c only).
Of course target does not have to be met. Fundamentally game changing events will always trump TA but current price pattern indicates a descending triangle.
any thoughts from technical analyst experts?, page-2
Add NXS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
31.5¢ |
Change
-0.020(5.97%) |
Mkt cap ! $91.88M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 29.0¢ | $101.1K | 332.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22117 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 3030 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
|
|||||
|
Last
31.0¢ |
Change
-0.020 ( 7.46 %) |
||||
| Open | High | Low | Volume | ||
| 32.5¢ | 34.0¢ | 29.3¢ | 100927 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| NXS (ASX) Chart |