A 5c increase due to the price of oil is possible - but then there is a 3c decrease due to the PRC price fall and a 4c decrease due to the general market fall. So the net effect should be another few cents off today.
Printable View
Here you are Juggernaut. Medium-term trendlines are red and green. Short-term trendlines are magenta and light green. Neither would have you holding NZO just now.
You can see how the On Balance Volume trendlines provide excellent confirmation of shareprice trendline buy/sell signals.
http://h1.ripway.com/Phaedrus/NZO918i.gif
Thanks Phaedrus, I was watching that previous support also as it had formed a classic head'n shoulders pattern!
Whats your next guess of support to drop too then?
My guess around the $1.25 ish previous resistance peak.
while the traders trade in and out, i'll sit back and collect my second divi and look forward to the third...........
once kupe is in full stream, the divi's should increase nicely.
im not even worried about a rising and falling share price anymore......
I use MetaStock, but most any charting package can produce simple charts like this one.
I think it is time for a share buyback, any shareholders disagree?
To early Drone... more downside yet.....would rather we were buying back at $1.20 then $1.35......PRC looking shaky.. is it due to general sentiment or are they doing a " Fonterra"
I can't be bothered to read through the hundreds of pages on this thread, but what are peoples picks for what NZO are going to spend their cash on ????
PPP - unlikely
TAP - perhaps
NXS - friendly merger
IPM/COE - ??
MOG/SER/BAS - very unlikely
My pick is for NZO to take some or all of the 37% of coogee resources that BNB wants to offload.
All IMO.