Well slow and light trade all day...the most significant thing is that it did not trade back up above the old horizontal support line (now resistance) at 4.4c but slowly edged down. We now have a short term downwards sloping trend line which loosely connects the highs of 6.4 on the 17 nov with the highs of 5.4 on 23 Nov and the high of 5.1 on the 24 Nov.
A break through above this line would be very bullish. As of this afternoon I put the breakthrough point at approx 4.6c but it will decrease every day going forward. So we wait until the price action approaches the underside of the down trend line as an sign that rally may be imminent.
NMR Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
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