3 weeks ago in post 24185685 I posted a heads up on some Rare Earth players listed on the ASX.
At the time NTU was worth a mention because a widely read tip sheet had got hold of it.
Now NTU is getting coverage from Hallgarten&Co. See here:
https://investorintel.com/wp-content/uploads/2017/05/NTU_May2017.pdf
... and was also championed here:
https://investorintel.com/sectors/t...tioned-ride-wave-revived-rare-earth-interest/
InvestorIntel is great for green metals coverage and worth a daily look.
Regarding TA, I've posted below what I call the Heinz collection.
NTU monthly shows a 57-bar decline from the 100+ spike top to the major LOW at 5.7c. Note the trend line from the top is now squeezing at 'x'.
The Rounded Bottom on the weekly shows a 57 week breadth. Is that a coincidence? I don't know but I know that the 57-bar monthly decline is a 'square-out', which Gann afficionados love to spot because a change of price direction always follows.
The RB sets up a target of 17.5 + 14.6 = 32.1c which falls short of Hallgarten's 38c call.
The monthly chart has 2 declining wedges and wave counters know the top original price of each wedge becomes a realistic target on the rebound. There's that 57 again.
The current spike n ledge handle is squeezing tight and might set off a price-volume breakout.
The Fibo extensions on the wave count set up 22c and 39c for the current wave 5 which, so far, hasn't really got off the tarmac.
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