NEU 3.50% $14.05 neuren pharmaceuticals limited

.......especially the CLOSING price W/E 09/08........$16.15c. A...

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    .......especially the CLOSING price W/E 09/08........$16.15c.

    A few pips above the MAJOR, horizontal support/resistance level @ $16.12c....on the PRIMARY, up trend LR chart.

    The chart is suggesting the first (price) stage of this upward journey has matured, and is in for a period reflection......and consolidation.

    There was an immediate bounce off the key support level @ $14.67c. on 09/08.....expect this level to be tested again.

    Technically , there is a case for a test of $10.99c.

    Cheers.....and keeping in mind, FUNDAMENTAL analysis and TECHNICAL analysis are NOT mutually inclusive.






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