Slick, from a chartists pov (with evidence to back it up) your analysis from a (mug) fundies pov aligns with mine (with no evidence to back it up).
I would call today's action as a good ol' p&d, principally orchestrated by the shorting fraternity - instead of them being burnt, as was a popular opinion today.
Next week will reveal that theory.
As a fundies investor, has that shaken my investment (note: investment) in this company? Absolutely not.
If the fundamentals keep on giving (and where have they not to date?) an already shortish term 10 bagging could easily convert into a further 5 bagging from here, despite interference from trading/shorting activities.
Now, that is what I call gambling.
NEU chart, page-1003
Add NEU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$15.20 |
Change
0.060(0.40%) |
Mkt cap ! $1.940B | |||
| Open | High | Low | Value | Volume |
| $15.04 | $15.28 | $14.96 | $1.559M | 103.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 206 | $15.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.21 | 683 | 15 |
View Market Depth
| Last trade - 11.09am 01/10/2024 (20 minute delay) ? |
| NEU (ASX) Chart |