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I thought you were jako for a second lol 2.2 is a 3 year low GF...

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TheGladiator

8,601 Posts.

102

11/02/16

17:50

Post #: 16998103
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Originally posted by gamefisherman ↑

So NWZ's open and close price were the same at 2.5c, with a test of supply all the way down to 2.2c which might suggest that someone/an entity wanted to trigger stops, and or flush out the last of the weak holders. Volume traded was above its shorter term average by roughly 500,000 shares. Looking at todays bar perhaps indicated that whilst price was forced down all the way down to its low point, at some stage buyers stepped in and price was able to recover to close midpoint. If we start to see some sidewards price action, or a few days of higher lows/higher highs, the chart would start to look increasingly bullish. At this point though, there is a fair bit of work to be done by buyers to start to drive the price forward.

I look forward to seeing what Jako thinks?

Cheers
GF

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I thought you were jako for a second lol

2.2 is a 3 year low GF so I would expect it would need some heavy buying (stopping volume). So hoping to see a down day on very high volume and closing near the days high.
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