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Ok and now here we are at the testing point. Will it blow...

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Capital Raising

205 Posts.

24

16/01/19

12:40

Post #: 37131188
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Originally posted by Capital Raising: ↑

Hi timmmah

I watch and respond to what happens. But I would anticipate at this stage that I would sell at the old high of $1.94 with a view to get back in around the 1.60 - 1.70 range. That is in anticipation of a rejection of the old high going back to build a base in the 1.60 - 1.70 range before taking out the old high on the next run up. But if we were to blow straight through the old high then I would just continue to hold. Because once an all time high is taken out you tend to get an explosive move upwards. Two main reasons.

Not a single person has paid more for the stock than the current price, hence knowone looking to cut a loss
Fear of the stock price running away and needing to get in now.

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Ok and now here we are at the testing point. Will it blow straight through, I'm inclined to think no because everyone is expecting it to. That said I will wait and see, because if we do blow through $1.94 this could be a runaway train.

NEA Price at posting: $1.91 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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