NAL norwood abbey limited

potential good buy

  1. 403 Posts.
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    NAL is in good buy at the moment. Great support from 6c-6.7c. No resistance till at least 9c above.

    Any price btw 6.5 to 7.3 are great bargain at the moment.

    But of course, you have to be patient as this stock will possibly range trade before the next run.

    As always, check the water before you jump in, it can be volatile for the next few days as the stock rebalance itself btw supply and demand.

    Some other possible scenario for a run:
    a) rumour of takeover
    b) 2nd announcement by company to clarify future direction (just like BLT ann today)
    c) Another company taking a 10% stake....etc

    All possible to instil another run.

    Just my fantasy I supposed.

    cheers
 
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