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Not a bad day given the market is down, it's a Friday and a long...

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ST

3,037 Posts.

10/06/16

16:17

Post #: 18008844
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Originally posted by Alo ↑

And on top of that you will notice an obvious positive divergence on your RSI/MACD, with a volume increasing.

I think the stock is about to get back into trending up.

And of course, the fundamentals are good, so it should trend up at some stage.

Personnaly, I will look out for confirmation in the next couple of days before topping up.

Also, we may experience a cup and handle pattern as some fellows investors who invested on the way up will sell in order to break even, therefore putting the trend on standby somewhere around 55c.

Sorry, no chart as I am in the middle of the bush!

PS: this is only my humble opinion, and I may be wrong.

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Not a bad day given the market is down, it's a Friday and a long weekend!

Last edited by ST: 10/06/16

NEA Price at posting: 43.5¢ Sentiment: None Disclosure: Held
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