NEN 0.00% 22.0¢ neon capital ltd

very interesting times ahead

  1. 9,861 Posts.
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    Clanger asked recently of my thought's TA wise here, please forgive I know nothing of the fundamentals

    Lets look at history


    In the beginning support and resistance was around the 30/35, and the lows being 8 cents area




    After the 01 highs price returned to 8 cents area and held



    Through 05 to 08, the 30/35 support and resistance lines gets a hammering again



    Again we head back to the 8 and through 2010 to 2012 the 30/35 again shows up ?




    So you say, whats the point of that crap LOL well for me it tells me the 2 area's have been 8 cents and 30/35
    The big positive being that the last lows didn't get to the 8, setting up why i think could be a possible opportunity to push much higher.

    I have put some notes on the final chart, and while i don't know a lot about the fundamentals here, if they support this chart it looks exciting to me. Holding the 25 from here is key IMHO

    Now I better go research them fundamentals :)

    Regards
    Rob



 
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