We are consolidating the gains of the past few weeks at the moment. Was expecting prices to test 90 cents but it falls short. Still it is a good run and prices is now consolidating near the 75 cents level which is the monthly closing high price of 12 years ago. At this point in time it is hard to say what pattern will emerge but my bias is the flag pattern with the low just being printed at the 50 percent retracement level of the last upleg as shown by the daily chart. Lets wait for the price to confirm the pattern
NMT Price at posting:
71.0¢ Sentiment: Hold Disclosure: Held
