NEU chart, page-1001

Yeah, what a bazaar day for the stock but to end up 8.5% up I guess would have holders happy so long as they don't focus on the intraday.

Ok, here's the hourly which shows the price action and what happened. Sorry guys but the traders had a day out I'm afraid, they bought in the first hour and scrambled out the next. Plus anyone who took advantage of recent lows took profits as well. And unfortunately there are many new holders who bought into the rush this morning now shaking their heads as to what in the hell happened and are now in the red!



So on the daily, the news behind those red dots tells me something about 66.9mill of net sales, obviously enough of a thumping announcement to let the boys take their new toy for a spin and they did it in grand scale. A massive gap up open to draw the attention to the market and create a scene of FOMO, keep adding little buys at resistance levels to keep the wheels spinning then exactly at the first sign of exhaustion they dumped the lot leaving bag holders shattered.
Yes todays candle is a shocker and will take all of next week to settle into some sort of smoother data but I'd expect a very volatile SP for the first part of next week. So put the charts away for a few days IMO.



Well done to those taking profits, not only was there a monetary gain but also so much to learn from a day like that IMO.

Can I stress that in no way could todays PA be a negative reflection upon management or the stock. But the announcements this morning created an opportunity and many took full advantage of it and I hope many will learn a lot because of it. What I hate about it is that there are now many trapped inexperienced punters up at high prices.
The other thing is and this won't make me popular at all is that today also provided an opportunity for genuine short positions to be opened up high which also added to the sell off. Hope I'm totally wrong on this, will find out mid week.
Current short/hedge position is...


Cheers.