Solid Support, page-5

See daily chart below. - I have placed an 8 day simple moving average as a short term reference point and a line at 55cents which still seems to be holding out as resistance. One can see that NEA is in uptrend if a somewhat  pedestrian one at this point.

It appears that there is still solid resistance around 55 cents with more sellers yet to be mopped up. I was a bit surprised to see another pullback after a good open and a positive market overall. A lot of the sell side price pressure looked to be coming  from algo (robot) selling with strings of small parcels a lot of the time, particularly as the price faded in the afternoon. Institution/s at work one would imagine.