EYE 5.56% 19.0¢ nova eye medical limited

30c has been a resistance all year & support at other time...

  1. 7,314 Posts.
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    30c has been a resistance all year & support at other time before that so it is an interesting price to get through & STAY through.

    It will take some time & some more volume to get a good hold above ++ if some of those daily averages catchup & start crossing on the way up, that will be a great sign of some stability. 20 day SMA should cross the 50 day SMA in the next couple of days.

    I guess the difference between this attempt & this years previous attempts pre LCD is that we have had a sniff of increased sales in the USA but IMO more importantly, this LCD drama has actually turned out to be a positive for EYE as this post LCD rally has got the EYE name out there & more investors will be watching now. Bring on some more sales increases & the value investors, who tend to be strong hands, will start getting on board.

    Finally a glimmer of hope that this company will shine, about time !!

    https://hotcopper.com.au/data/attachments/5859/5859378-9b585f2a28936555b6c92f7ad00ccc20.jpg
 
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