breakout imminent (with charts), page-7

I liked the recent pull-back to 18c. A very positive basing sign - just what NEN needed to set itself. In this instance, the further the bow is drawn back the greater the force of discharge.

The current consolidation at this level is also straight from the textbook.
The buyers over the last couple of weeks at the ~25c level are likely to be LT taking up positions i.e. we're starting to run out of sellers and it's getting a bit late in the day for shorters. I expect soon to see a heavily weighted buying side and very reluctant sellers. Like, why would you sell if you're at the base of a considerable incline. The expectation is out there and all it will take is a bit of positive news to set it off.