STTCOMP NEA, TA Long
Nearmap
Last: $0.520
Market Cap: $203m
Daily chart shows a break of the downtrend line in April following a large gap up. Since then it has pulled back to close the gap but stopped short at 470 in mid-May. Feels like a change of sentiment is taking place, turning point may be near.
Today's smaller gap up has just closed at 520, with strong volume today and decent sized bids which should absorb more selling. It looks like accumulation happening at these levels. Depth is looking very bullish right now, quite extraordinary.
