Australia's largest stock trading and investment forum Australia's #1 stock forum

NEA

Click for more information

0.24%

$2.08 nearmap ltd

You were spot on

First 8 Last

Share
Profile

Follow
mbizi

21 Posts.

19/03/19

01:34

Post #: 37804070
Share

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.

Expand

You were spot on

NEA Price at posting: $2.79 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

AXP

Tambourah chases gold veins and mineralisation extension with drilling

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 9 more messages in this thread...

First 8 Last

Add NEA (ASX) to my watchlist

SPONSORED BY