Nepi has together with most of the big players in the property space moved aggressively up in the last couple of months. Nepi has now reached the top of a larger channel and into a consolidation phase. This consolidation pattern (flag) needs to be watched carefully. An upper break through the 9600 levels could see a continuation of the upper trajectory. A break down from this flag pattern could see more downside. Neutral position and watching.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.