following yesterdays lull in trading s day traders exited, the total buy/ sell ratios have been building all morning and look to me like the next break out is building. The buy side is up 6m in morning trade and the sell side has dropped 2m. The earlier post forecasting a 2.8c to 3.2c trading range has occurred and the 86m to 19m total market depth is approaching break out. If the 3c sell volume goes today, the previous range between 3c and 3.3c should firm as the new base over the next few days trading. The 5m at 2.8c is underpinning the current price nd the 1m to 2m parcel of share buyers have been hitting the sell side every hour or two. I still think 4c is not too far off based on the strength in numbers of both TMD and trading volumes which has seen some strength in the VWAP.
NWZ Price at posting:
3.0¢ Sentiment: ST Buy Disclosure: Held
