Sadly without news flow there has been nothing to excite the SP and after providing support for over a year the 2c level ultimately failed and the SP lost 50% in three months it has now found tentative support at 1.1c but remains firmly in down trend so in the absence of timely news flow it could conceivably drop another 50%, it is forming a double bottom and interestingly last time the SP was at this level a raft of positive news flow saw it take off to reach 14.5 in a year, one positive in all this is that the falls are happening on very low volume which tells me the majors remain happy to hold.
I may not be as excited as I have been but I'm certainly not running for the door I have the utmost confidence in the management team and will average down when I consider the time is right.
Toski
Daily Chart
Weekly Chart
NWZ Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
