Well as the majority of commentary latest has been around the fundamentals I thought I would open up a alternate thread to discuss the technical side...
So to kick off the discussion I noticed yesterday we had a minor sell off to 3.7c on closing bell which was pretty unconvincing ...with very light volume..
In fact, yesterdays volume was the lowest since the spike to 6.4c with only 6.7m shares traded ...
So, just as you should doubt a new peak in price on lower volume you should also doubt and second drop to a previous low on lower volume... To me indicates seller weakness
I also note the Buy queue seems to be stacked at least 6 ticks down and whereas the sell side looks very weak ... on screen at least
Anyone else got Tech opinions?
NMR Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)