Not all is lost. Today's close is up approx 9% in the last 16 trading days from the closing low of $13.33.
You can see the previous Support and Resistance lines at $15.10 and $14. The bottom Support was at $13.30 approx.
I would not be surprised to see the price test the $14 approx price range and hopefully become the new support. If $14 holds then it will likely re test the $15 level for new support at $15 approx. NEU is still technically in a downtrend. However this current price action of the last few weeks has me hoping that a bottom is in. Today's lower wick on the red candle is positive.
NEU Price at posting:
$14.56 Sentiment: Buy Disclosure: Held
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