Albeit on lowish volume. My suspicion is as a couple of technical indicators have triggered in the last few trading days and punters are starting to take positions.
The more significant indicator (IMO) is Monday's close above 8 day moving average plus the fact that NEA is either in an ascending triangle or symmetrical triangle.
Wherever you draw the lines they look to converge just prior to anticipated reporting date of 10th February.
To my reading barring, an unexpected announcement, looks to bounce around this price until that date unless breaks clear of overhead resistance line of ascending triangle which has been in place since early July 2015.
Overhead obstacles are the .41 trading range ceiling and the 200 moving average
This is just my two bob's worth. No trading advice is implied in this post and all comments are IMO. I have got it wrong heaps in the past (usually to my detriment)
Good luck to all holders.
NEA Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
