Here are additional observation points on the chart:
- Current relatively strong support level at 3.7c is almost the same support level as it was in July-August 2011
- This weekly closing of at least 4.6c with a weekly volume of at least 70-80mln will be a very bullish sign with the corresponding 4 weekly candle formation
- As pointed out in one of my previous messages a major part of the current sellers probably are not making profit as per the information on the major shareholders in the company holding ~50% of the shares so the rest 50% or ~200mln shares are traded, so in this case reaching the target of 4.6c may not be provided with the “required” volume of 70-80mln
irynka
NMR Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
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