i say break the 200ma around 3.10 and the 32 fib and off we go - over the .5fib would make me happy - but yes thats a bullish setup but we got to get to the 200ma first and thats my prediction as long as US nasdaq is on an uptrend - why because US is nearmaps make/break market at present and if tech keeps pushing higher this will support nea.
today we are right on the first fib hurdle - thats not conclusive of direction but c above for tech analysis supported by fundamentals (in short hand as cant be bothered typing the whole story)
NEA Price at posting:
$2.76 Sentiment: Buy Disclosure: Held