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$19.08 neuren pharmaceuticals limited

NEU chart, page-1684

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wingnpray

10 Posts.

16/05/24

21:32

Post #: 73866724
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Originally posted by slick: ↑

I'm not sure who you're asking but I'll have a go at answering if you don't mind?

Below is the weekly chart which in my opinion is the most important chart for long holders.

You can see for the past 19 weeks there has been lower highs and this week has blown that away and is currently above the bollie median level ( 1 day to go). So if you're asking if the SP can hit $25 again then I'd say absolutely as it's only about 17% away but will it?? That I won't commit to as I don't place numbered targets on anything as I'd hate to ever mislead anyone.
In many cases when good news arrives there's an initial rush of blood followed by a bit of cooling off. As long as that cooling off isn't greater than the initial rush then all good.
From a TA point of view, this week is quite significant so will be well worth watching for how it develops.

The short / hedge position is strengthening not weakening therefore that element may have a say in proceedings.

Against that you currently have a very bullish sector with funds flowing in.

Exciting stuff eh.

Cheers

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Thanks Slick.
Greatly appreciate your insight there

NEU Price at posting: $21.80 Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last $19.08		Change -0.265(1.37%)		Mkt cap ! $2.469B

Open	High	Low	Value	Volume
$19.60	$19.65	$19.00	$1.225M	63.50K

Buyers (Bids)

No.	Vol.	Price($)
4	143	$19.06

Sellers (Offers)

Price($)	Vol.	No.
$19.08	19	3

View Market Depth

No.	Vol.	Price($)
3	2008	19.070
2	428	19.060
2	217	19.050
4	268	19.040
2	205	19.030

Price($)	Vol.	No.
19.090	26	2
19.100	95	2
19.110	210	2
19.120	215	2
19.130	306	4

Last trade - 10.32am 06/06/2024 (20 minute delay)


Last $19.37			Change -0.265 ( 0.37 %)
Open	High		Low	Volume
$19.58	$19.62		$19.00	34606
Last updated 10.53am 06/06/2024 ?

NEU (ASX) Chart

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