ASX: NWE bullish with cautionNWE above the point of control of 0.071 and could go to 10c, or it will pull back to 6.6c to meet the 100 day moving average.
Which kind of makes sense, however the news is good with the take over etc however people might realise they are just / 1300
for a new share, which may not bode well.
Proceed with caution howver I think a new ATH of 10c is possible, keep stop losses tight. Perhaps ez 30%, not financial advice!
MIN offering takeover (approved) with approx. 1300 share of NWE to 1 MIN. I can see the bullish momentum and gas definitely a winner, however an ex 0.002c stock to 7c to a stock / 1300 I can see a pump then pullback.
Keep stop losses tight, and only ever invest what you can afford to lose. Not financial advice.
