NUZ Charting Thread, page-5

... so we continue to track sideways, still within the bounds of the "flag" 13.5 to 15c, as time goes on it is starting to look more like a tight yet benign trading band.
Still low volumes, and to be frank, if it weren't for the two large buy parcels that occurred in the last few trading days we would probably be back around the 13 to 13.5c mark.
Yet here we are. 15 to 15.5 spread in after hours. Unrestrained by the Bollingers, RSI, Stochastic RSI, MACD, etc al. looking decent. A bit of momentum has returned thanks to those two big buys...
If we are to move it will likely be in the next day or two - if so, then length of flagpole from 9.5 to 15 gives us a following target of 19.5 - will the volume arrive to make this happen? Not sure, but happy to leave the text book open at that page and see what transpires.
TA risk looks like it is more to the upside than downside at this point.
Without those two big trades NUZ is looking so stale, so unless the buyer(s) have more money to spend then we need a catalyst to bring in the punters - Market is awaiting FDA announcement giving clarity re Healy trial- those closely following NUZ will not be surprised by a positive FDA outcome, yet the SP response will be magnified due to the tension in the chart- ie. if positive news we thrust up towards the 19.5 or if negative news we risk crashing through support around 12.5 and below towards recent lows... inflection point indeed...
My focus will be on whether 15.5 goes and if buying volume follows - secondary focus will be whether or not sellers keep feeding the buy - if sellers dry up then it is on...