Nova Eye Medical (EYE) Chart Thread, page-48

Yeah it's turning alright but still hasn't turned, you'll know what I mean when you see it.

Expectations moving forward is that at best the SP trades sideways for a while while the technicals catch up (bands will reset into what looks like a squeeze) or while the bands reset the SP retraces. If it's the later, I've displayed a Fib rack of retracement levels with the 62% being a vital pivot point.



Kstnova, I would love the SP to hold above the 8ema to show a real bundle of strength but it is unlikely therefore we rely on the bollie median for support and I would expect that to be between the 50and 62% levels. IMO.

Now obviously this analysis depends on there being no decent announcement land.

Cheers.