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17/03/18
21:20
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Originally posted by Beeperone
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Just for the hell of it.
All off the top of my head.
Last week's total volume was around 151m, about 20% of shares available? 68m traded @ 12.5 and above on Fri. Enough bought to be support @ 12.5? ST traders could have got out on some nice profit @13.5 Weak retail and some impatient instos should be out by now. Tree shake, weak hands, I don't see it happening on Mon.
NUH may bounce around b/w support and next resistance, around 14 - 15c on Mon. Keep in mind the last three Mons. NUH has risen 10% which brings us up to the next resistance.
Ahh, if it was really that easy! Who knows what could happen with all this media exposure over the w/end but I have to say it's nice not having to sweat on the SP, finally.
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Of the top of my head too it didnt look like there was a rush to take profits on friday arvo. Cant see monday being any different.
More want in now than out.
And friday proves there is a real risk of taking profits too early.
Im calling a gap up to past resistance at 14.5 on open and away we will fly.