NEA 0.00% $2.10 nearmap ltd

Breakout imminent, page-14

  1. 231 Posts.
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    It's hard to look at a chart moving up strongly and imagine how it could start selling.  But imagine the position of not yourself but all the participants making up the market. 


    A lot of people bought into the capital raising and took a huge bath and are now break even to slightly in front they will be tempted to get out unscathed.  


    People who followed the charts  were out at 1.70 - 1.75  and back in at 120 - 1.25  now there is a strong temptation to be back out at 1.95 believe me.  Anyone who held through that sure no motivation to take the very small profit.  But there is a very large profit incentive for me at the moment.  

 
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