The NRW price chart has looked strong since mid 2017. I know nothing about what the company does, but I only need to know the trend is up, and not to own more than roughly 10% of NRW shares among other stocks in my portfolio. Position sizing and risk management is one of the main keys to success. Van Tharp is essential reading when it comes to how many shares in percentage terms to allocate to a portfolio [1].
NRW and NXT are the two strongest in my portfolio.
We are currently trading in an uncertain weak market. 2018 could be the first year for a DOW stage 3 distribution phase. One of our biggest concerns now is macro market risk. I have recently noticed that the number of 52-week low stocks is increasing, while 52-week highs are decreasing. Also increasing number of ASX 500 stocks below declining 200-day moving average.
Among NRW, other strong uptrend stocks currently are APT, APX, ALU, BAL, EHL, EVN, HUB, KGN, LOV, LYC, NXT, OMH, PNV, SBM, A2M. Many of these stocks have recently made new 52-week highs.
When and if NWH exhibits a chart pattern similar to FLC, then we have plenty to worry about.
1. http://www.vantharp.com/tharp-concepts/position-sizing.asp
Bullish Sign? - Bounced off 200 EMA, page-1694
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Last
$3.89 |
Change
-0.010(0.26%) |
Mkt cap ! $1.574B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.92 | $3.84 | $906.3K | 232.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 10542 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 6560 | 22 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| NWH (ASX) Chart |
