If you are using Commsec - go into charts, and pull up the RSI...

If you are using Commsec - go into charts, and pull up the RSI indicator. You'll see that on Friday, it had just tipped into the "overbought" zone (its now out of it, btw, but close to it). Soon as it hits or approaches overbought, shorts tend to load up (easy play) and then push it down, as the algos are at that point, on its side. At $3 it was constantly hovering around that zone previously. Once NRW either releases data saying its sorted out a number of its claims, or solid financials and revenue, it'll drive a rerate, which means the shorts won't be able to play their current game at the current price level. In the meantime, its a golden opportunity (literally, is my thought) for accumulation for an insto to increase its holdings in the next few weeks - ie: retail is currently holding about 62% of the company - it'll be interesting to see if that falls, and instos rise.

You can get more detail through tools like this and they all seem to be overall positive:

https://**.st/stocks/au/capital-goods/asx-nwh/nrw-holdings-shares

https://www.tradingview.com/symbols/ASX-NWH/

https://stocklight.com/stocks/au/industrials/asx-nwh/nrw-holdings



https://www.canstar.com.au/investor-hub/4-investment-apps-help-manage-portfolio/ btw.