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$2.08 nearmap ltd

Time for a healthy pullback, page-82

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procrastinator

601 Posts.

47

08/11/18

16:22

Post #: 36436443
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Originally posted by Capital Raising ↑

We are starting to form a mini head and shoulders pattern here. Wouldn't be suprised if this drifts down over next few months to close the breakout gap at $1.20. I certainly hope it does that will be my re-entry to the stock. Also would be a healthy correction to keep the long term uptrend going.

This thread started on the basis of a mini head and should pointing to a down turn. We now have what looks to be shaping into an inverted mini head and shoulders pattern forming. Essentially the same pattern flipped upside down pointing to an uptrend rather than a downturn. Confirmation would be a solid break through $1.55. If we do that the minimum probable target is a retest of the old high at $1.94.

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I quite like your posts CR but this one really confuses me. You start by saying that it is going to drift down because of a mini head and ... Then next paragraph you say with have an introverted mini head (sounds like one of the dick heads I know) and this will lead to an upward trend ????

NEA Price at posting: $1.49 Sentiment: Buy Disclosure: Held
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