I'm not privy to his analysis so can't comment. But it was a post on technical analysis so I felt compelled to throw my two cents worth in.
Lightly traded shares are tough to get a hold of with technical analysis unless you use weekly or monthly data, and then any sense of timing becomes quite vague.
At 24c no-one was calling for a 90% drop within 13mths (Except maybe CG by his actions). And at 2.3c no-0ne was calling 4.8c within a week. So I keep an open mind on price targets as the market will continue to surprise the majority on the upside and downside.
NAG Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
