Chart Update, page-1975

OK.... so because I am nothing if not forward .... except for a plethora of other parts.... I will be brave and venture a technical prognosis.



It’s called the ‘Let’s-Have-a-Good-Weekend-Regardless-of-Any-Negatives’ theory because if my- ‘Cliff, Scandalous Swan Dive, The Pay Off’ chart assessment is correct, NRW has something up its’ sleeve besides a lot of bathwater and a baby.

-As illustrated there was possibly a Judas goat sell off at day’s end ...but only around 100,00 shares (?) ...in order to possibly trigger fear and create a ‘low’ closing price so as someone could acquire around 350,000 shares at $1.44 each in the CSPA?

Supporting this diagnosis;
1) The price rise yesterday may have been wound back to a lower close.
2) The ‘enthusiastic straddling’ of the $1.515 line several times today
3)There is potential for NRW to announce next week (last trading week before Easter) that the training facility it was establishing South of Perth (see March 26 announcement) is now up and running with healthy enrolments .
4) There is, as always, potential for new work to be announced
5) There is definite potential for Australia in general and WA in particular to continue to flatten the CoVid-19 curve which will encourage the local market.
6) Other good things might happen.
7) We want it so.

Cheers to all


PS; in case anyone wants a visual meditation of ‘rocket’ and ‘green shoots’....