I will stick my neck out and say the double bottom will form as drawn in my previous chart speculation.
Acadia sales will be out soon. And IF our SP malaise is due to their sales, then a good result should reverse the trend. In the coming weeks.
However, I reckon our SP is more than Acadia. Macro market jitters and US$ getting weaker to OZ$ and time for new programs to progress.
I just mainly like double bottoms, when they work!
If as I expect, that no offers for NEU will be be made until the new indications are made public, my chart drawn will hopefully be much much higher at the time of the new candidates are released. Then the games will really come on very very strong. Neu may not even exist by Feb!
But, I have been wrong before.
For me, the most important thing is to be fully invested when a TO occurs. I am not a trader. Or a chartist!
GLTAH
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(20min delay)