Chart Update, page-2002

So here we are ..... and it seems there was no point to posting a potentially positive Saragian chart as @Parma was right and ‘fickle’ IS the operative word .
...so I might rain-check my request, Mr @Saragian until a strategically more useful time.

.........I did a DYO instead....



....In interpretation; Firstly - I am actually not sure global economic doom omens and ‘let’s also destruct trade relations with China’ are things that count as ‘fickle’ in terms of the big picture?

Unless you put a capital in the ‘F’ and make it Fickle?

Secondly - in regards the Fickled up nature of things noted above and whatever else , it seems to me that - for now - not even the combination of Western Australia’s and Queensland’s mineral wealth, NRW’s excellent alignments with the mining sector, NRW’s positive (low debt/good contracts) financial position, its’ sturdy infrastructure prospects and Saragian’s charts are enough to umbrella us?

The chart , an image of price and volume since we cleared $2.00 a long time ago on the strength of the Golding purchase, shows the strength of that $2.00 level .
I also put a box around volume from 21/02 - 19/03 and think that covers a total volume of around 140 million shares changing hands as the price fell from a close of $2.95 to $1.09 - a fall of about 63%?

If each one was only traded once I think that would have been about 37% of the company changing hands in just a few short weeks. (~on an estimate of around 427M shares) .

But this is not what happened,
The Pareto principle would assume maybe 20% of the company was involved but I think it was less, a psychological horror show created using market conditions of fear and a very small percentage of available shares .
-During the period shorts increased by around two million and were probably hard at work on a daily basis as
-BlackRock increased its position by around 10 million shares (from 21,488,733 shares on February 28 [5.03%] to 30,911,018 [7.24%] on March 18; https://www.asx.com.au/asxpdf/20200320/pdf/44g752hx75bnvw.pdf
and
- Other ‘significant’ action during theat‘crash’ period included Mitsubishi reducing by around one million shares then going on, after March 19, to start actively trading in and out of the 5% holding level, and CEO, Jules Pemberton selling 3,650 shares to meet tax obligations.


Anyway I think there is smoke and multiple mirrors in the chart, and I am not surprised to see the price today come up from $1.57 today to $1.65 (currently), and I have my fingers crossed for good news soon, and I hope all are well

cheers