NEA
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0.00% $2.10 nearmap ltd

Nearmap Ltd forms bearish "Continuation Wedge" chart pattern

  1. swerdna1979
    1,531 Posts.
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    21/07/16
    22:06
    Post #: 18332134
    "Recognia has detected a "Continuation Wedge (Bearish)" chart pattern formed on Nearmap Ltd (NEA:ASX). This bearish signal indicates that the stock price may fall from the close of 0.52 to the range of 0.39 - 0.41."

    Even if true (and charting is a little like black magic to me), still very positive about NEA in the longer term. Would treat 40c as chance to top up.
    NEA Price at posting: 52.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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