NEA has broken up out of a descending pennant pattern where 2 target calculation methods suggest a target of $4.30 - $4.40 which would be an 80% gain on current price. Probably a bit hard to believe but certainly one to watch.

A note of caution with NEA - it is a downtrend which is not a positive aspect but it has made a higher high last week.

NEA 5 Feb 2021

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Robert Norman

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Email: robert@sharecharting.com.au

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