So we hit 8cents on good news.
We retraced to exactly the 61.8% fibonacci retrace (3.05 cents to be exact) and now have started the march back up.
Yesterday NEU announced their annual general meeting.
I think we can safely assume to get those resolutions passed...mail re-election of directors and Price Waterhouse Coopers as auditors, that NEU will be following through with some solid news.
Before that though...I can see us getting back to 8 cents which I think will be tested a couple of times before a run past 10 cents.
As far as Biotech company's go, I cant see a better placed company then NEU in breast cancer medicine.
Ovarian cancer (PRR) is common but breast cancers seem to be at almost epidemic proportions and NEU seems to be at the cutting edge.
I cant see NEU back at its high of 80 cents until their product has FDA approval and sales agreements but with their recent results they dont seem far from going for it.
Good luck all.
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