Anyone want to try and pick the bottom in SP?! Or for a possible ST trade?
Chart candles displaying that this recent sell off is done, with the bulls pulling the SP back up for 3 days now. 2 tails on the candles is bullish, but NEU has 3, even better.
RSI is oversold at 21 and MACD thumbing along.
Not saying that ther won't be another sell off due Bio sector or macro events, so still pay attention as the 8ema has not turned up just (ie candles below the 8 not good). BB are starting to narrow. For my this a ST hold/trade at the moment.
Weekly the SP is just touching the RSI at 30, oversold too. But MACD not finish yet.
Short term target on the daily, median at 15.20 then upper BB at 16.70. On the weekly it should bounce to the 8ema at 16.50.
AIMO, maybe wrong, just looking for the bottom ST SP.
NEU chart, page-1881
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Last
$13.60 |
Change
-0.320(2.30%) |
Mkt cap ! $1.761B | |||
| Open | High | Low | Value | Volume |
| $13.94 | $13.96 | $13.50 | $4.986M | 364.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7342 | $14.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.86 | 289 | 2 |
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| Last trade - 15.59pm 06/09/2024 (20 minute delay) ? |
| NEU (ASX) Chart |