Bullish Sign? - Bounced off 200 EMA, page-2582

Hello Parma : )
In terms of the conjuring I may exercise my perogative to change my mind and erase my prediction of ‘an announcement by Monday morning’ .
This is almost guaranteed to magick up an announcement

The change in view is not based on trying to outsmart a contrary universe however, but on the way NWH was sold down on Friday.
(...highest volume since January 7, back when the price was in the $1.50’s range and shorts were in charge - 70.30% of volume.) https://www.shortman.com.au/stock?q=Nwh)

Although the prices last Friday were higher than then, we still closed on the week’s highest volume and lowest price at $1.74. (Congratulations to you for buying lower!)
Stockness monster site shows, there were several high volume trades through the day and says they were all SELLS.
https://stocknessmonster.com/trades/nwh.asx/.
So someone was wanting out.
DAILY CHART FRIDAY 18/01/19





But to bring in another factor, even if that someone did have a premonition of a ‘no news Monday’, we may NOT NEED any new contract conjuring for the price to go up:

View attachment 1421881

This is the THREE MONTH PRICE CHART showing how NWH has been tracking the Dow.
DJI line is blue
NWH is red.

On Friday the Dow went UP - by a bit over 2%.
Given our attachment this should be very good news.
https://www.marketwatch.com/story/t...ance-of-its-200-day-moving-average-2019-01-18

It means - quite apart from anything else -that tomorrow the whole Australian market is likely to go up....
- which means NRW - rationally- should rise too!
(Although, at the end of the day, what is rational in this world apart from you and me......?)




Dressing us in royal purple instead of red and putting the Australian All Ordinaries in the red instead, it seems we tracked even more closely with XAO up until the shorting attack and have a way to go to close that value chasm even without announcements.


Cheers