The ASX is under pressure at the open, probably because traders are shorting with index funds (which NEA is in) and therefore are lots of indiscriminate sales (indexes don't care that NEA was already down 10% Friday).
Seeing all the broker reports (none too negative) I just topped up at 328c.
IMHO the approximate fibbonacci retracement levels are :
310c - 38%
275c - 50%
240c - 61%
(based on trough to peak 127c to 422c).
I'll be buying more if it hits these.
(I suggest checking the numbers as I did it late at night)
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- “Underwhelming Result”
“Underwhelming Result”, page-18
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