Still has some retracement to go from here I suspect. Possible turn around point might be 5.1-5.2c on this leg of the correction.
My guess is we will shortly (few days to a week) test the 6.3-6.4c high before being repelled again. If you remember historically we had V.heavy resistance around this level. Was thinking of Cup (ie,rounded bottom) & handle formation about the same time as barnsty mentioned (Thanks Barnsty)
However if an announcement comes out which dramatically increases the coal Jorc anything could happen. Regardless of what your indicators are saying.
PS: Must note Ive not seen a gathering of such HC royalty around a stock for some time. Things must be bad in the market or this stock is the bargain of the year. Or Both
NMR Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
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