NAG 33.3% 2.0¢ nagambie resources limited

Guys, despite all the conjecture, and it often runs both ways,...

  1. 367 Posts.
    lightbulb Created with Sketch. 13
    Guys, despite all the conjecture, and it often runs both ways, the ultimate judge is the market and the ultimate measure is the price. It can surely be manipulated to some level as many claim but having too much focus on that will only confuse your investment decisions and leave you worried about shadows that may or may not be there.

    Since July, the market has been slowly voting infavour of NAG's, finally. Initially it would have been reaction to being oversold down at that 2.3c, but after that it has been a small slow but steady accumulation that has been going on for four months now and doesn't look like it has finished.

    Technically, this is either a healthy correction to the 14 month sell-off from the May 2016 23c
    peak, before resuming a final run-down that will probably take years to drag out. Or the 2,3c low was a capitulation finish that marks the start of a new larger run up. Time will tell.


    So if the market was telling us a painful truth on the way down, it looks like at the least it is having second thoughts about that now. At best it has completely changed its mind.
 
watchlist Created with Sketch. Add NAG (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
0.005(33.3%)
Mkt cap ! $15.93M
Open High Low Value Volume
1.7¢ 2.2¢ 1.7¢ $243.3K 12.20M

Buyers (Bids)

No. Vol. Price($)
1 319427 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.0¢ 748 1
View Market Depth
Last trade - 16.10pm 11/11/2024 (20 minute delay) ?
NAG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.