neuren - a pretty convincing story, page-252

A couple of comments

1) I agree that there is quite a good chance NEU will go up. For me the indicators are turning over nicely and there seems to be good support at 2.5-2.7

2) At the moment it doesn't look as though the general market will be an abject disaster next week so there may be enough positive sentiment in the market to correlate with the generally positive sentiment for this stock.

3) Everyone's talking about ANP going to 3.0 so I wouldn't count on a flood of money just yet (my guess is that the acc stack at 2.5 will burn out ANP over the short term). I'd say give ANP another week before people get sick of it.

4) While I agree the short term downtrend for NEU has ended and we have our resistance level, sometimes the opposite of down is sideways; there is a risk we'll wobble around 2.5-2.8 for a while longer. The question is: will the volumes come in (from ANP or wherever) to support an upward movement. I hate being stuck in a sideways trend.