NEA 0.00% $2.10 nearmap ltd

False Base broken - now heading below $2, page-283

  1. 423 Posts.
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    I don’t really think a forecast set up out to Feb next year will be decided on Monday and am always watching to see if my analysis needs to change if price action changes. But so far there’s a clear supply and demand trendline for the stock at the moment, if bulls push it above that supply line it would indicate a change of character in the stock and increase the likelihood of it rallying sooner again.

    Not sure why you’re feeling slighted because my analysis suggests it could fall a further 20-30% before I buy. So far I haven’t seen any actual technical analysis outlining how the current trading range is a bullish set up - including from yourself. Just saying “stock should be $4 in 12 months” and “respectfully imo its nonsense” isn’t technical analysis. If there’s a bullish technical set up you should be able to post the chart explaining it like I posted the bearish set up.
 
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