NMR has had a great run over this past week and is entitled to a bit of a break.
IMHO this is only the start of bigger and better things to come!
As per the chart I posted we have hit a zone that was heavily traded from the 18-24th November, and I thought that we would hit a bit of supply here. At an absolute minimum 4.3c should form a new floor, but I am thinking it will more than likely be 4.6c and continue the move up from there.
A close above 5.4c will see us break towards the recent high of 6.4
I personally think that this is achievable without further announcements in the short term. If we have a decent resource upgrade announcement or the release of the scoping study I would expect the SP to move higher still!!!!
All the above is IMHO
DYOR
PB
NMR Price at posting:
4.8¢ Sentiment: LT Buy Disclosure: Held
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