NEA 0.00% $2.10 nearmap ltd

It's got support at the current price from both a support line...

  1. 306 Posts.
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    It's got support at the current price from both a support line (thick red dashed line) going back a couple of years and a natural level of $2.44 - the thin horizontal red dashed line. Support levels are really bands of resistance a few points wide rather than a line in the sand.

    I would be guessing if I predicted where price will go tomorrow but the candle pattern on the daily chart suggests up. I proposed a bottom around $2.20 in a post a while ago and I'd keep that number in mind if it falls and closes below $2.36 Whatever the final bottom is, I'm guessing its not far off and if it is making the pattern I think it is, this is a final shakeout and NEA will be a good buy very shortly (providing it doesn't catch the virus!) Good luck with it.
    https://hotcopper.com.au/data/attachments/1953/1953424-4a6219d463d076348a4577babd55bfa6.jpg

 
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