NEA 0.24% $2.08 nearmap ltd

Had a look at the chart and cannot see any problem with it at...

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  1. 601 Posts.
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    Had a look at the chart and cannot see any problem with it at the moment. RSI index indicated a necessary pullback for the last couple of days as NEA's shares have been overbought with a RSI of over 80 for several days, anything above 70 is considered unsustainable. This will find a new floor hopefully at around the 2.60 mark and renew its upward climb. The next support level would be 2.40. Stocks need to consolidate gains they cannot continue flying up without some pullbacks
 
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Currently unlisted public company.

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