R never interfere or comment on trade strategy...each to their own. Too many variables too many styles too many sectors and too many MCs.
Everyone evolves and eventually finds their style of trade I guess but don't think it stays fixed and as much of it is as you say adjusting to the here and now.
On the FA still think main support is 6.1 and main resistance is 10.5/11.
Sincerely believe pushdown was purposeful but not sinister...so not worried about it at all...of course would love to have a better average but exhausted my powder before we broke resistance (congrats to whoever it was that picked the next fib down by the way...be laughing!)
Think we're in for a bit of uppsy downsy on the churn...trade style your engaging in right now. Personally not my scene but I determine my exposure before I enter a stock as prefer a spread.
In terms of where we're headed think confidence is down on the SP fall and the addage "buy in fear" is what I would be doing if I was piloting in...but that's because I'm reasonably intimate with the stock now and think that takes a while as a newb to the stock.
Now...whether we go down on the qrtly? Again...selldown done and dusted? Think qrtly going to be within expectations (actually it's exceeded mine on the presentation if that 9 mill cash is right) ...but if RBC keeps selling down then doesn't take much to push down or up really.
So presume there's quite a few doing the "trade package" versus "investment package" thing...that's part of what I call churn.
But overall think that not many are going to have gone through the selldown and be willing to sell at these prices so the churn will be relatively short lived which in turn leads to breakout on our fundamentals (as stated earlier).
Least that's my perception from a stand back view...but it's just IMO as to current state of play...
Still think it's one of the strongest small cap plays on the ASX and truly struggle to beat it on FA...at least in the sectors I'm comfortable in. Probably reason you don't hear me moaning much on here!
Cheers R.
NUH Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
(20min delay)