Ann: NRW Share Purchase Plan Documents dispatched, page-4

re: Ann: NRW Share Purchase Plan Documents di... However....This is a technical view from Aegis although just before this new contract:

"Technical View

NWH presents a similar profile to ASL.

The 3-week moving average of the share price has broken below the parabolic indicator, suggesting that a medium-term peak is in place.

The RSI continues to weaken after reversing from overbought levels in late April.

The daily chart (right) shows the break of the mid 2010 uptrend, combined with the break of the 56DMA. The latter has acted as strong support over the course of the recent uptrend and this break implies a change in the price profile.

As with ASL, the daily stochastic is oversold and attempting to reverse. There is minor support at current levels, but given the medium-term profile, risk remains to the downside.

NWH rose by 260% between May 2010 and April this year and it appears that a medium-term correction is underway.

Risk is to $2.20 - $2.00.

A break above $3.00 would suggest that the negative outlook was incorrect."

Aegis have also released a fundamental update after the new contract. Fair value is now $2.77 Accumulate below $2.45.

They are usually pretty spot on on the Technical side.

I have an entitlement to new shares so keeping an eye on the sp.