NEO!! Sometimes you don't have a large enough position and the gains seem irrelevant...they aren't. All gains are gains. I'm here in a very small way...wasted my capital elsewhere. This is a multibagger in 10yrs
N14 trade ideas
NEO formed a triple bottomNEO (Canada) is engaged in the extraction and production of rare earth metals, etc. Other similar companies are e.g. Lynas (Australia) and MP Materials (USA).
My post is preferably a technical analysis.
Neo has been in a declining trend and is still so as the SMA 50 is below the SMA 100 which is below the SMA 200 but they converge. And there is formed a triple bottom, which is a reversing formation (1,2,3). If we get a significant break above the resistance line at 9.04 there is a buy signal. Conversely, if break down at the support line 7.94.
There has been a poor correlation between price peaks and volume peaks, but since the end of June the volume balance has been positive.
RSI 21 follows price and OBV rising from end June.
The sum of Oscillators and MA stands one day to one week on purchase and one month on sale.
Consider the stock technically neutral in the medium term – one to 6 months.
Fundamental analysts (5) are predominantly positive about the stock and have a price target of CAD 13.
NOTE! Liquidity is slightly low at an average of 62,414 per day.
NOTE! There is a geopolitical risk as part of the business is in China. 32% of turnover comes from China.
Keep in mind that you need to do your own research and assessment before buying and selling.
Disclaimer: I have a position in the stock.
Sources: Trading View, Yahoo Finance.
buy the weakness in industrials for EVs too SUPERCYCLE COMINGNEO changed share structure earlier this year this can run like TESLA
Long NOPMF, Especially if Trump Wins in ElectionMy opinion only not a licensed professional. Not to be used as trading advise.
I’d say, cautiously, long NOPMF. Limit orders are crucial because of super low volume. 8.20 seems common support though.
If trump wins, this is the only company outside China that can process fully raw materials into rare earth elements. It’s based in Canada. I saw one post noting the company has six employees which was a little worrying but it did show up in a WSJ article talking about rare earths and Trump policies recently.
Disclosure: small holding in it, not planning to sell for at least until election of US pres.
