For those that get into the esoteric mysteries of charts, I've attached a weekly chart of NAG showing why I'm pretty keen on this share price base that seems to be forming.
It comes with good support from the parallel trendline from the tops, it is in good long term oversold territory, it seems to fully correct an Elliott five wave move, and it does so on a trend of decreasing volume.
To me, this is the place that good share price runs start at. A bit of technical support and a lack of hype with a general disinterest. I suspect what we are seeing is the early birds testing the waters.
DYOR but that's how I'm seeing this.
NAG Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
