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$2.08 nearmap ltd

Billion Dollar Baby Bump, page-5

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birdman29

13,761 Posts.

74

17/03/19

21:52

Post #: 37791375
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Originally posted by crystalblue: ↑

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.

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Some interesting comments ...

March 17, 2017

Why More Investors Are Looking Into S&P/ASX 200 Stocks

https://whatsonthorold.com/2019/03/17/nearmap-ltd-nea-plunges-5-7-on-mar-17/

NEA Price at posting: $2.81 Sentiment: Hold Disclosure: Held
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0 Great analysis

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