on the way up, page-2

I don't know.
Maybe it is recovering from sell offs by institutional investors.
It's a low turnover share so when instis sell large parcels the price is driven down.
In December AMP sold nearly a million shares.
More recently in January CBA, WBC and BTT have followed suit, ceasing to be substantial holders.
Also early January NFK paid a 2cent interim dividend which also drove the share price down.

Now, though, there is obviously some upward pressure on the price with market depth showing.
86 buyers for 2,281,645 units
17 sellers for 384,196 units
But only 40 trades for the day with a volume of 546,778
Maybe someone is increasing their holding.
If NFK can maintain dividends it's a nice little earner at these prices.