Australia's largest stock trading and investment forum Australia's #1 stock forum

NEA

Click for more information

0.00%

$2.10 nearmap ltd

Rubbish statements. Go do your homework on this stock and get...

First 90 Last

Share
Profile

Follow
Kkkw

1,989 Posts.

424

17/10/19

13:56

Post #: 40931792
Share

Originally posted by Jamieevie ↑

Charts tell you what market participants are doing - whether buying or selling. Stocks move in an cycle of accumulation -> mark up -> distribution -> mark down -> accumulation. As a retail trader your best returns are found from buying into accumulation, not a distribution. I'm not guessing - I'm reading what the market is doing as it shows up through the price and volume in a chart.

15 minute chart of recent price action - October 9-15 represented a short term accumulation reversal with the mark up on the 16th and then buying climax today into $3.02 which is now established as the supply zone for the next trading range. Activity over the next few days/weeks should give a clue about whether this is a re-accumulation, or the start of a redistribution. Too early to tell atm - above PSY at $2.80 is bullish for re-accumulation, below and it shows that there is more selling pressure than buying.

Expand

Rubbish statements. Go do your homework on this stock and get out of here with your sell not held sentiment. Ignore you go

NEA Price at posting: $2.91 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Shekel Brainweigh and Calmer Co lead innovations in the retail space

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

There are more pages in this discussion • 915 more messages in this thread...

First 90 Last

Add NEA (ASX) to my watchlist

SPONSORED BY