Let's see some previous history data by VectorVest:
16-Apr RT: 1.14
13-Apr RT: 1.17
12-Apr RT: 1.17
11-Apr RT: 1.15
10-Apr RT: 1.13
NEA .AX has a current Value of $0.08 per share, which is overvalued compared to its Price of $0.93 per share. Value is computed from forecasted per share, forecasted growth, profitability, interest, and rates.
As the relative timing ( RT ) was climbing in the last 5 days, it is a good sign for a longer run.
Let’s have a look on the technical analysis:
Firstly, a "Symmetrical Continuation Triangle" chart pattern formed on Nearmap Ltd. InfoTech(Software&Svcs).
This shows two converging as prices reach lower highs and higher lows. diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper with a noticeable increase in , and also shoot over 0.97, confirming the pattern as a continuation of the prior uptrend.
Support & Resistance:
plays a key role telling us that the major resistance (Kijun-sen) is 0.9825 and a very strong formed by the 26 periods projected green cloud at 0.875. Because of chin-kou span is still jammed within the , we expect this penny stock is still doing a sideway instead of any reversals.