Planet Wealth - Australian Stock Market Education » Buyers in Control of NWS http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Sat, 31 Mar 2012 00:21:23 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Buyers in Control of NWS http://planetwealthblog.com.au/buyers-in-control-of-nws/ http://planetwealthblog.com.au/buyers-in-control-of-nws/#comments Fri, 24 Jul 2009 13:37:02 +0000 Planet Wealth http://planetwealthblog.com.au/?p=711
Buyers in Control of NWS

NWS has been in a steep down trend for the past 18 months with the sellers in control. This month has given us a confirmation that the buyers have taken over control.

On the weekly chart, it can clearly be seen the down trend has been broken and a Higher Trough and Higher peak have formed above it. The trough that was confirmed with the close of today’s bar is being supported by the 50% Fibonacci Retracement and a past support line. This stock now has a high probability chance of reaching at least $15.00.

170709 nwsa1 Buyers in Control of NWS

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