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Maybe that was their aim?I.e1. Buy Shares2. Produce a scaving...

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15/02/21

10:36

Post #: 50985523
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Originally posted by cliffy515: ↑

The shorter report couldn't pick the worse time to publish their report.

FA:
- the half year report is pretty solid. Less churn rate, margin going up, loss reduced by 50% and roof scanning product is also getting traction.
- the response to the shorter report is very convincing

TA:
- The short report created lots of interest/exposure from different news agents. (AFR, the Australian etc.)
- More interests = more trade volumes which would lead to a stronger momentum. (either bad or good)
- The SP only needs to close above $2.45 for a few days to break the downtrend (not far away)
- The SP only needs to close above $2.75 (next resistance) for a few days to continue to the uptrend

GLTAH and DYOR

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Maybe that was their aim?

I.e
1. Buy Shares
2. Produce a scaving and highly visible report churning up a lot of interest in the stock
3. Company sufficiently denounces report leading to interest in buying
4. Sell shares for an easy profit.

NEA Price at posting: $2.35 Sentiment: Hold Disclosure: Held
4 Upvote

1 Great analysis

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