NOR norwood systems limited

Mate, there were chartists all over this thing on the way down...

  1. 3,876 Posts.
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    Mate, there were chartists all over this thing on the way down from 15c, stating when they thought it was about to turn, or how far it would drop before their charts signalled a rebound..
    I remember many chartists calling for "double bottom" of 5.7 as a definite time to buy..
    Every chartist was wrong, the thing has kept dropping hard because the company has not released anything of significance, and manipulation drives the price in the direction they want.

    You have timed it perfectly though, as its probably very expected overall to see a big news item this week, maybe tomorrow morning..
    But, if Paul pulls the trigger and announces 1 or several massive Corona contracts, and the price spikes, surely you're not going to say the chart suggested it!
    We could be in for an almighty fortnight, with any number of those $1M+ long awaited Telco deals hitting, that would surely set the price right off.
    Everything is about to happen for Nor, and EVERYONE is waiting to pounce as soon as it hits, or even looks like hitting. We've seen how far this thing flies on pure speculation and FOMO, and if a big buyer thinks it is time to buy, plenty will follow!
    Even on Friday.. a 1m buy order was listed at 2.3.. and within a minute, 2.4 was hit several times and wiped.. Just shows how closely so many people are watching Nor for any sign to hit it!!
    A stock like Nor is 100% news and speculation driven. Chartists have all been wrong so far and given up. Suggesting the chart points to a rise now is simply picking the time when it has mostly finally bottomed out, an absolute sh1tload of buy depth has lined up, and news is definitely expected any day.
    Remember the charts supposedly pointed to a rise at 8c, 6.5, 5.7 (several times), mid 4's.. 3.8 was another.. and the chartists gave up!
    I hope and know your chart will show a big increase from now, you have timed it perfectly, but it's nothing at all to do with charts.. just Nor actually delivering what they have promised for so long, and the speculation leading to it, buyers trying to load up in time.
    Could be a spike from 2.5 to beyond 10c too..

    Nor is much better placed than it was late last year when it spiked to 16.5...
    Bring on a big week/fortnight/month/end of year/25c Nor party
    Last edited by Holla: 14/08/16
 
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(20min delay)
Last
2.0¢
Change
0.000(0.00%)
Mkt cap ! $10.31M
Open High Low Value Volume
2.1¢ 2.1¢ 1.8¢ $13.71K 689.8K

Buyers (Bids)

No. Vol. Price($)
4 130000 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
2.0¢ 272472 2
View Market Depth
Last trade - 15.54pm 11/07/2025 (20 minute delay) ?
NOR (ASX) Chart
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