Hi @mikemercury
If you look at the weekly chart this share is displaying strength by a few different measures. Firstly, it failed a test of 200sma as a resistance area and got sent back to the bottom of the demand area to find support. Today it closed above the 200sma.
Secondly it closed above the green demand level box which is a buy signal.
Thirdly, it is a green candle at or near a rising 20 sma which is a solid buy signal.
Fourthly, it had a dogie followed by a gap up on the monthly chart which is also a display of great strength.
Hope this helps!
NNW Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held
