NEP : Strongest volume in 20 years, targets 1.01 then 1.24-1.26
July 22, 2011 Leave a comment
NEP’s had a good run this week on the best volume showing since the early 1990’s. We think it might hit 1.00 or so quite soon, with any pullback next week likely to find support at 0.80-0.84. On a medium term basis a move to 1.2 or so looks likely, with breakout above 1.01 not going to take to long.