I think NEA is going to re-test previous bottom at $1.70 Range.
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Worth adding to the watchlist. Breakout or Break down coming soon.
The XJO is bullish at the moment, technical indicators are bullish. So it is more likely to go higher at this stage.
But we should not buy right now and should be patient + wait for confirmation.
Seems that the next week or so will be crucial for Nearmap Ltd (ASX:NEA). I'm seeing many mixed signals that is telling me simply to wait another week to see what happens. I love what I see technically, however I do have some structural concerns.
Bullish arguments:
Location: Ranging just above the 0.618 fib
Structure: Triple bottom off the 0.618 fib
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