Today's trading action could mean the correction is over, my target price was 15-16c, today sp bounce off 16c and reached high of 18c and close at 17.5c, in my view this is a good sign, but we did not have enough volume which is the only -tive about today's action, it's either 1) the market is not confident enough or 2) most of us holder valueing NSE at a higher price and was reluctent to sell at this price.
And I would think it is 2) we are talking about here
I also notice some indecator has cross up. And not to mentaion the chart looks very strong and bullish, so I think we'll have a good week this week
and I think the next retracement price is around 24-26c but I could be wrong if we have new Ann coming
good luck to all
NSE Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held