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  1. #1
    Member WASL's Avatar
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    May 2006
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    Brunswick, , Australia.
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    Wink NWH - NRW Holdings

    Hi All,

    Anyone got this on their radar? Could be a new Ausenco (AAX). Significant sp apprecition since listing early September. Current price $3.24.

    Regards


    WASL

  2. #2
    Senior Member
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    Jul 2002
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    Auckland, New Zealand.
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    Default

    Phaedrus

    This stock appears to have formed a base after a dramatic fall.

    Its appeared on my radar as it has

    1) formed a higher low
    2) rising on big volume
    3) close to breaking out of resistance at 28-29c
    4) above its 21 day ema


    Thoughts?

    PS my fundamental view on this stock is neutral
    Last edited by Footsie; 14-03-2009 at 12:26 PM.
    “If you're worried about falling off the bike, you’d never get on.”

  3. #3
    Advanced Member
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    Dec 2001
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    New Zealand.
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    1,936

    Default NWH Chart

    Technically the view is quite positive.

    NWH is in an uptrend, with a confirmed trendline already in place. Note the 9 consecutive "up" days that fuelled the reversal - that had never happened before. I have added a trailing stop (magenta). The 2 "Buy" signals shown here did not fire simultaneously, but both gave an entry at about 21 cents. Anyone using candlestick patterns to follow this stock would have got in much earlier. The 2 high volume "up" days (green bars) look good. I wouldn't place any credence on ema21 signals, though.


  4. #4
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    Default

    Thanks

    what is your viewon the resistance at the 28/29c level?
    clearly the stock is having some difficulty breaking this.
    “If you're worried about falling off the bike, you’d never get on.”

  5. #5
    Advanced Member
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    Default

    Quote Originally Posted by Footsie View Post
    What is your view on the resistance at the 28/29c level?
    It's there, it's real and I should have marked it on it on the chart.

    I do note, though, that the peaks are at 28 then 28.5 then 29 cents. I wouldn't want to make a big deal out of that, but IF it continued, that equates to a rise of 20% pa!

    I guess that, philosophically, I have trouble talking about resistance in the face of a soaring OBV.

  6. #6
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    Default

    Resistance has been smashed.

    Looks good to continue its run.
    “If you're worried about falling off the bike, you’d never get on.”

  7. #7
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    Default

    Just sold half to bank some profit

    Keeping the other half while it remains in the uptrend

    thx phaedrus for the additional analysis
    “If you're worried about falling off the bike, you’d never get on.”

  8. #8
    Senior Member
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    Default

    i'm out!

    Huge gain and im banking it
    “If you're worried about falling off the bike, you’d never get on.”

  9. #9
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    Red face

    Trading Halt for nwh and now sitting at 80 cents.

    I wonder what is coming up. Maybe a takeover.

    Been good to me even though I originally got the ticker wrong on my original post. nhw/ nwh. At least the broker got it right for me.

    LEW

  10. #10
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    Aug 2009
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    Default

    Been having a look at some fund manager small cap picks for ideas and came across NWH - it is described as:
    a Western Australian based provider of services to the resources sector. The company provides civil contracting services including rail formation, bulk earthworks, mine development, road and tunnel construction and a range of contract mining services. Blue chip clients among others include Rio Tinto, BHP Billiton and Fortescue Metals Group.

    FY11 eps forecast is 17.1c for a PE of about 17x. Analysts are picking 25% eps growth to FY12. PER of ~0.7. Not bad.

    It has been on a great run from 14c in 08 and 90c in 09 to a current SP of about $3. How have we all missed this multibagger. I have never heard of it being mentioned. May well be of interest to others as bullish on mining services as I am.

    Here is the latest preso:
    http://www.nrw.com.au/images/PDF/ASX...esentation.pdf
    Last edited by modandm; 31-03-2011 at 05:17 PM.

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