NEA 0.24% $2.08 nearmap ltd

Just a technical analysis recap. This stock is primed for a...

  1. 408 Posts.
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    Just a technical analysis recap.
    This stock is primed for a breakout. It is in a "squeeze". If it can't breakout shortly then it may reverse and retest previous swing point lows. If it does breakout then it will probably be something short & sharp. The 60c area will be resistance. If it gets over that then it may run up.

    Daily Bar Chart
    NEA Daily Breakout Potential 2017-06-05.png


    Multiple Moving Averages
    The short & long moving averages have come together. More often than not something explosive happens when this occurs.
    NEA Daily MMA 2017-06-05.png
 
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Currently unlisted public company.

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