Well I expected a sell down to the 8ema yesterday (14.15ish), but the markets crapped themselves! Unfortunately NEU consolidated that sell down today and crapped itself even more. Interesting stock this one, when it craps itself, it certainly lets go!!
So where are we at, unfortunately the SP has now tagging the 20sma, this has to hold. I did mention the bull flag (and that I don't usually use diagonals, ouch, in this case). If we stick to my orginal analysis, then the SP either has to hold here, ortherwise it will fall lower, maybe much lower. RSI, and MACD don't look good and the angle of the 8ema towards the 20 is nasty too.
AIMO, DYOR. All the best. PS, I did buy more today, but shouldn't have. bugga. FA stock still looks good, so happy to hold for a bit.
NEU Price at posting:
$13.18 Sentiment: None Disclosure: Held
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