What’s Happening to the Share Price of Nomad Building Solutions Ltd?

What does Nomad Building Solutions do?

Nomad Building Solutions Ltd [ASX:NOD] is a diversified group of construction, manufacturing and property development businesses operating throughout Australia.
The company is a regional and remote area specialist.

They do everything from houses to construction villages, to hospitals to resorts, apartments, police stations, land subdivisions, office blocks and more.
That’s interesting, but what is the chart telling us?

What does the chart look like?

I find it helpful to bring up a chart. Here’s the daily chart of NOD.

Nomad Share Price

Source: STEX

Getting more expensive to buy.

What now for NOD shares?

The last significant announcement was the half yearly report, released in late February. That announcement wasn’t very positive. One could speculate that perhaps earnings improved for the second half of the financial year. Let’s wait and see.

If you have an understanding of the 18 year real estate cycle, you’ll know this company is in a strong sector presently, which may have some time to run yet.

You can get a better understanding of the real estate cycle here. You remain at a substantial investment disadvantage without it.

Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

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Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles.  His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.

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