Yep Fridays 30million changed things as I thought with a VWAP of 5.3c plus a test of 5c at 1pm with seller exhaustion occuring (Hence I thought no gap fill).
When todays SP hit 5.1c it was below Fridays VWAP so wss oversold by weak hands. New support zone has formed at 5.3/5.4c. Looking keenly into todays closing VWAP.
May even hit minor resistance at 6.1c today. Volume is key and if volume is good. Tommorow could be an interesting day with the 6.4c major resistance high made during the announcement day of the 4.23Jorc resource.
Rerate here we come. Chomp chomp popcorn...
NMR Price at posting:
5.7¢ Sentiment: LT Buy Disclosure: Held
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