$NEA - NEARMAP - Being admitted to the ASX 200.
Nearmap has been one of my longest held stocks and just an absolute beast of a performer. News out today has it being admitted Survivor style into the ASX 200 with MYOB being voted out. Should put it on the radar of more of the big boy investors.
MYOB Group Limited to be removed from the S&P/ASX 200 Index
NEA has done it's pull back to $2.57 level and bounce off nicely to the up side with the confirmation of Fibonacci, the EMA's is trending very nicely with it with high highs as well. looking to the upside over $3.
21 March - Price at $2.70, Volume is 1.8mil so good, Weekly Elder Impulse is blue & Daily is red, MACD Histogram ticked down for bulls. FI is going down as well. Looks like Kangaroo tail formed at right edge which would indicate that prices can move in opposite direction. Pricing encroaching on Fast 11 day EMA and still well above slow 22 day...
Due to oversea market gaining higher last night the ASX 200 should be opening higher off its bounce. However with Nearmap it has formed a bearish engulfing near the RES and its near 52 week high as well. Looking to short 1260, near the 13 ema.
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....
Aussie Market did 145 Buys out of 2035 Aussie stocks.
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 earnings per share,...