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Since the announcement of the exclusivity period with Telstra,...

  1. practisingaccountant
    9,544 Posts.
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    22/03/10
    16:47
    Post #: 6481531
    Since the announcement of the exclusivity period with Telstra, on 8/3/2010, the stock has been making converging highs and lows, on decreasing volume which is a classic pennant pattern. The pennant broke today on high volume. Based on the mast of the pennant, 4c stands out as a possible target. It should be noted that today's announcement was received towards the end of the day and was NOT the trigger for the movement today:



    NWZ Price at posting: 3.2¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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