As we smash through the 52 week high it will soon become obvious which way we are heading short term.
I am convinced based on volumes and price action that the sp should break 40 cents before the week is out.
This base will be nice for those looking to minimize some exposure if they brought in very low.
Tomorrow is an important day for short-term price direction.
Hopefully people are becoming aware that the NEN train is about to leave the station, the info out earlier this week de-risks this drill and lets not forget the second drill which many see as the big 'one'.
NEN Price at posting:
35.0¢ Sentiment: ST Buy Disclosure: Held