Thank you for your post with your explanation. Without this kind of in-depth charting analysis, one would think that the key driver of share prices would be more dependant on good company announcements, good results and perhaps the forward thinking of where the company is headed.
But all the way, assumptions have to be made - commodity price movements, currency movements, plant performance issues. Not criticising charting but rather trying to tie it in with the correlation of how a company is viewed - kind of like which came first the chicken or the egg - they are interdependent in their existence.
Nothing is simple - one can lose a lot of sleep over worrying and of course their hard earned. Would be happy if due to charting prediction the target above 90c is reached by the end of 2021. If Goro outcome is liked by the market then the target price may even have further upside.
$0.93 price target for NCZ, page-9
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