Phoppo this reply won’t be popular but I don’t think that they will need to work it down as currently this is a pretty strong spike and it might come down all by itself as some folks takes profits. Look the SP has jumped up 40% very quickly which is fantastic but many will want to bank that. You can’t blame them. But currently the indicators are very strong, toppy but strong. Loved the way it stepped back inside bollies like a naughty boy so I can’t call it overbought. But if demand continues to remain strong then there’s nothing much the shorts can do about it.
I don’t think I’ve answered your question very well. But the truth is that demand is currently belting supply ………..until it reverses. I or no-one else can tell you when that is going to happen. Sorry.
Cheers.
NEU Price at posting:
$17.03 Sentiment: None Disclosure: Not Held
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