NEA 0.24% $2.08 nearmap ltd

Billion Dollar Baby Bump, page-3

  1. 267 Posts.
    lightbulb Created with Sketch. 98
    No worries, and thanks for your kind comments.

    If one looks at the pullback % & duration patterns, it is easy to see that both are being reduced with time.

    36.95% -> 17.14% -> 13.73% -> 10% ?
    50 Days -> 5 Days -> 3 Days -> 2 Days ?

    Just a quick glance at these numbers would suggest perhaps next week we might only see a 10% pullback with a 2 days duration.

    If true, this might give us a support level around $2.76 on Monday (or Tuesday) next week then consolidate around these levels then possibly move up to challenge the old high at $3.07 before the next update hits the market in early to mid April.

    Anyway, of course this is all just a logical guess but having held this stock for so long, one thing is certain, continuous patience and loyalty will surely be rewarded in the long term.
 
watchlist Created with Sketch. Add NEA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.