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$19.30 neuren pharmaceuticals limited

Thanks Slick.Greatly appreciate your insight there

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wingnpray

10 Posts.

16/05/24

21:32

Post #: 73866724
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Originally posted by slick: ↑

I'm not sure who you're asking but I'll have a go at answering if you don't mind?

Below is the weekly chart which in my opinion is the most important chart for long holders.

You can see for the past 19 weeks there has been lower highs and this week has blown that away and is currently above the bollie median level ( 1 day to go). So if you're asking if the SP can hit $25 again then I'd say absolutely as it's only about 17% away but will it?? That I won't commit to as I don't place numbered targets on anything as I'd hate to ever mislead anyone.
In many cases when good news arrives there's an initial rush of blood followed by a bit of cooling off. As long as that cooling off isn't greater than the initial rush then all good.
From a TA point of view, this week is quite significant so will be well worth watching for how it develops.

The short / hedge position is strengthening not weakening therefore that element may have a say in proceedings.

Against that you currently have a very bullish sector with funds flowing in.

Exciting stuff eh.

Cheers

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Thanks Slick.
Greatly appreciate your insight there

NEU Price at posting: $21.80 Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last $19.30		Change -0.045(0.23%)		Mkt cap ! $2.461B

Open	High	Low	Value	Volume
$19.60	$19.65	$19.00	$5.368M	277.7K

Buyers (Bids)

No.	Vol.	Price($)
9	349	$19.29

Sellers (Offers)

Price($)	Vol.	No.
$19.30	470	10

View Market Depth

No.	Vol.	Price($)
4	77	19.280
4	386	19.270
9	338	19.260
4	233	19.250
4	329	19.240

Price($)	Vol.	No.
19.290	144	5
19.300	5	1
19.310	343	4
19.320	267	3
19.330	220	3

Last trade - 13.40pm 06/06/2024 (20 minute delay)


Last $19.36			Change -0.045 ( 0.32 %)
Open	High		Low	Volume
$19.58	$19.62		$19.00	101815
Last updated 13.58pm 06/06/2024 ?

NEU (ASX) Chart