AngusMcK
Long

$NEA - NEARMAP - Broken through resistance

ASX:NEA   NEARMAP LTD
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2
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Nearmap looking good to continue its run. Has broken through two previous resistance levels including a previous high. Might be a bit overbought so set a sensible stop to give it a little room in the short term.

Nearmap Ltd is an online PhotoMap content provider. The Company provides geospatial map technology for business, enterprises and government customers. Its segments include Australia, which is responsible for all sales and marketing efforts in Australia; United States, which is responsible for all sales and marketing efforts in the United States, and Corporate, which holds the intellectual property ( IP ) and product know-how that allows the Company to deliver its product offering, being online aerial photomapping. It offers solutions for various industries, such as architecture and engineering, construction, government, insurance, rail, property, roofing and solar. It provides site information, delivered to users' desktop through high-resolution PhotoMaps technology. Nearmap Insurance provides a desktop-based risk assessment solution. Nearmap Rail delivers visual analytics to mining, port and rail infrastructure. Its property solutions include Nearmap ART and Nearmap Property Tool.
Comment: Continuing to run nicely. Bit of extra volume came through today and gave it a boost.

Comment: Still running nicely with plenty of strength. Good queue of bids on the buyers side.

Comment: $2.77 touched. Doing well.

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