Any significant bottom should have you nervous entering a trade on it. All the fundamentals and even many of the technical will just seem so obvious in hindsight, but it's never that easy in real-time.
Contrarian on this to me would be:
- low volume on this climb. But to that I think these are just early nibbles and people testing the waters. If their positions hold they could increase their position.
- this climb could be just a blip. Yes maybe but my chart tells me there's a little bit more technical support than just an irrelevant move.
NAG Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
