NEN neon capital ltd
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chart showing great weakness, page-26

  1. Market Mangler
    404 Posts.
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    22/01/14
    09:38
    Post #: 12837526
    MiningSpec,

    I'm compelled to respond to your comments re the chart for NEN as your analysis doesn't appear to be correct. First of all, a Bearish Harami is a candlestick reversal signal found at the top of a trend, which is clearly not the case with NEN. Secondly, a Bullish Engulfing candle occurred yesterday which generally indicates a reversal to the upside if it occurs in a downtrend and is confirmed with positive trading the next day (this appears to be the case for NEN today).

    MM
    NEN Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 10  Upvote
    lightbulb Created with Sketch.  Great analysis
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