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NAE Chart, page-529

  1. 41 Posts.
    Taking a look at NAE from a TA perspective, it looks really well set up for the future.
    Congrats to those who currently hold and/or bought in today - it looks like you may be rewarded IMO.




    NAE finished on a Doji candlestick today suggesting a possible reverse from ST bearish to bullish. I’ve marked some previous doji patterns which are spotted shortly before its respective rally.
    Today’s low also bounced nicely off the 61.8% fib retrace which was further supported by an increase in volume – buyers are starting to return.
    MACD seems to be underneath the signal line looking to turn up (MACD is a lagging indicator).
    Not shown on this graph (keeping it clean), the 2.8-2.9c range also represents a relatively cheap price being closer to the lower bound Bollinger line.
    Lastly, the RSI shows a strong buy indication as whenever it dips sub 50, it usually has a bullish rally too.
    Couple this with expected news of coking coal and gold samples for early Q1, 2017, I think the buying today has been justified.

    Let's see how we go, DYOR.
 
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Change
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Mkt cap ! $7.175M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
37 19565832 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 13254057 10
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Last trade - 11.57am 04/12/2024 (20 minute delay) ?
NAE (ASX) Chart
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