The DAILY lr chart from 03/02/2005 to the $13.42c. sp high on 14/10/2005, generated an UPPER channel range of $5.24c.
From 14/10/2005, KEY, up side TP's/RESISTANCE tests are forward looking (extrapolated), PREDICTIVE in nature, and will be (generally) MULTIPLES of that $5.24c. range.
Fast forward.......RESISTANCE at the key level of $23.90c. has been tested ...and respected.
SUPPORT at the key level of $18.66c. has been tested....and broken.
The MAJOR (technical) SUPPORT level @ $13.42c. is currently being tested.....and respected ......relative to the WEEKLY CLOSING price.
Cheers.
NEU Price at posting:
$13.61 Sentiment: Sell Disclosure: Not Held
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