1. Taking small profits (unlikely when you look at price action)
2. Or trying to break even from previous position taken during the uptrend experienced a couple of months ago. (More likely)
Once these guys have been shaken out, the uptrend will start again. Maybe this short pause/pull back will form a handle before breaking out.
It looks good to me, a little pause is healthy for a stock, otherwise you experience a sharp pullback as we did in May.
Again, fundamentals on this stock are great. And the price action is very good looking. We had a healthy base starting in May, we should break out by August, either before or after the FY results.
That's only my opinion !
NEA Price at posting:
53.0¢ Sentiment: None Disclosure: Held
