Analysing the NDO chart we can make the following conclusions:
- SP is in a strong downtrend lane started in the middle of May 2008
- Recent low of 22.5c confirmed a very strong support level created in August 2007, confirmed in January-February 2008, so this point can be considered as a triple bottom point
- Usually there is a strong resistance for the SP to move up, as it happens with relatively large volumes on the following dates 14/08/08 (15.3mln), 29/08/08 and 1/09/08(~6mln), 12/09/08(10mln) and 17/09/08 (11.5mln), however the stock moves down on relatively small volumes of 3mln-6mln for the past couple of months
- At this stage the 29c-32c area is a very strong resistance area, after clearing there is no resistance up to 40c.
Holding/accumulating the stock for a year, I hope that the next year will be more exciting for me and all NDO patient believers/investors
Analysing the NDO chart we can make the following conclusions:-...
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Last
88.5¢ |
Change
0.035(4.12%) |
Mkt cap ! $201.8M | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 88.5¢ | 83.0¢ | $23.49K | 28.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.0¢ | 2579 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| NDO (ASX) Chart |