NEU neuren pharmaceuticals limited

I generated this from ChatGPT I wonder if any of the charts here...

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    I generated this from ChatGPT I wonder if any of the charts here have any thoughts on it. Is it widely inaccurate, or pretty good? (or somewhere in between)

    Overall Trend Summary (July 2024 – June 2025)



    Downtrend Phase (July 2024 – April 2025)


    • Sustained lower highs and lower lows across mid-2024 to early 2025.

    • Price was consistently below the 200 EMA (blue) and 50 EMA (red), indicating bearish dominance.

    • Volume spikes (notably in August and April) show large distribution events, likely institutional unloading or forced de-risking.

    • RSI remained weak/sub-50, confirming lack of momentum.



    Trend Reversal Begins (April 2025 – Present)



    ✅ Key inflection:


    • Late March / early April 2025: sharp reversal off a base near $10.50–$11.00.

    • Volume surged dramatically in early April (suggesting institutional buying or short covering).

    • RSI shifted above 50 and held — a classic early reversal signal.



    Current Structure – Last Month (May–June 2025)



    Trend: Bullish


    • Price is now:

      • Above the 200 EMA, indicating trend has flipped to long-term bullish.

      • Holding above the 50 EMA and 8 EMA, showing strong short-term and medium-term structure.


    • Consolidation has formed in a tight range between ~$13.80 and $14.20.

    • RSI remains stable around 60–70 — no divergence, still bullish momentum.

    • Volume is tapering, which is normal for a base before a breakout.



    ️ Recent Candles (June 2025):


    • Mostly small-bodied candles with long tails → suggests indecision but buying pressure on dips.

    • No heavy distribution seen — supply is being absorbed.



    Interpretation


    • The last 4–6 weeks resemble a bullish continuation pattern (tight range above key MAs).

    • The breakout zone is clearly $14.20.

    • Every dip to the $13.60–13.80 range is getting bought up — this shows strong hands accumulating.


 
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(20min delay)
Last
$13.10
Change
-0.800(5.76%)
Mkt cap ! $1.629B
Open High Low Value Volume
$13.95 $13.96 $12.88 $9.534M 725.6K

Buyers (Bids)

No. Vol. Price($)
1 266 $13.10
 

Sellers (Offers)

Price($) Vol. No.
$13.15 1619 2
View Market Depth
Last trade - 16.10pm 13/06/2025 (20 minute delay) ?
NEU (ASX) Chart
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