The last few days have been interesting in terms of trading patterns. The constant sell pressure of the last many months appears to have evaporated. Yesterday the buy side was the best its been in a very long while. And today the sell side is the weakest I have seen for months.
Anything could unfold during the day but right now it would not take much to get to 30c assuming the sell side strength does'nt get more aggressive. Volume is also well up over the same time yesterday.
NEN Price at posting:
26.5¢ Sentiment: LT Buy Disclosure: Held