Massive accumulation at 3.4 cents today with obvious capping at 3.5 cents that will probably be removed as soon as 3.5 cents is hit in a meaningful way.
Someone is buying up everything they can at 3.4 cents before the next leg up IMO.
From our favourite chartist across the road:
"NSL has bottomed at 3.2c
a close over 3.5c on 7m Vol = New Breakout ..to 4c
a Close over 4c = Major Breakout to 7c"
Ann: Steel Plant JV - Moving Forward-NSL.AX, page-41
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