As we enter an exciting time for new age exploration with its newly acquired Pilbara assets and its NZ tenements offering plenty of near term price catalysts I thought it would be a good idea to start a TA thread.
Personally I'm not extremely TA savvy, although I can manage to interpret most of them. I hope the more advanced chartists can contribute to this with either positive or negative theories, as we all know technical analysis is open to interpretation.
I came across this one today from a user called XXXXGoldHunter (thanks mate).
On the 12th of October when NAE was 1.3c he posted this TA of NAEs price movement and called an upwards trajectory target of 4.1c in the near future. 10 days later we are pushing the 2c mark so i would say he is quite accurate.
On top of this the oscillator is showing a strong buy whether or not you trust these.
At the moment the next minor resistance is 2.4c.
NAE Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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