$NEU large move, base, need to form RS (tighten) ready for B/O
Another great mover on todays Australian Stock Exchange. Classic Bollinger breakout after a long sideways squeeze and volume coming through as well.
$NEU Neuren Pharmaceutical with good buying this week. Not much news out, but investor presentation this week. 6 month breakout $1.48. Strong support 1.25 Some director buying around 1.40. MC $170m SOI 115m. $neu.ax
NEU holding support at 2.89 very nicely, a lot of accumulation, a matter of time before this one start running
NEU double bottomed after double toped, show consolidation, Downtrend breakout and MACD turning green showing sign of moving opposite direction. 1st Price target of 3.50 short Term ( 14% ) , if break through 6.45 could become the next target .
First consolidation post consolidation. moving through trendline, see if it can re-test old highs.