Rizzla,
My analysis is not that scientific. We had a significant selling into 26 cents to the tune of 20+ million shares. This has held the price back. Had this seller not been there we would be well in the the 30's and getting to the business end of 40cents. I do not believe the sophisticated investores will bale in the 30's, otherwise they would be that sophisticated in my book.
I don't know how thjat stacks up against your consolidating triangles, but this is how I see it.
Charting is useful as a tool but personally I don't live or die by it. Nevetheless they do show up trends.
- Forums
- ASX - By Stock
- NEN
- technical
technical, page-2
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NEN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online