Just had a look at the technicals and upward trend is still intact. Today's dip has not penetrated previous relative lows.
In fact these corrections are healthy. They represent opportunities for new buyers to enter the stock. Anyone buying in today has got a higher cost basis than shareholders entering weeks and months back. Therefore they must exhibit a degree of confidence to enter at these levels.
Price is lacking upward momentum because of a lack of fresh news. This is endemic of all stocks and is not symptomatic of a problem at NEO. Hopefully we will hear something later this week, which will give a boost to the sp.
As I mentioned earlier there appears to be some news in the pipeline but obviously disclosure requires JV approval.
NEO
nuenco nl
