As I said prev I think it will retrace back to the 5.1-5.2 area as this is where it meets the ascending trend line and is the logical point for a reversal. You could also argue a 5.3 reversal point as this was the apex of the spike 3 days ago.... But I think 5.1 to 5.2c as there will be stronger support there. Now this trend line is rising every day so the potential reversal point will rise each day (in theory). It if goes beneath the trend line then I'd say it could find support at 4.5-4.7c as that is where it consolidated on the prev spike.
Also keep in the back of your mind that we have not have any of the big announcements yet on Drill / Jorc / Study or Govt sponsored Rail outcome last one being a complete wild-card... Each of these will drive the price for a few days hopefully in an upwards direction... But equally their will , IMHO, be a cap raise shortly after the last of these Anns.
Note: The bread and butter of Ramp/Down ramp they are positive when they hold and negative when they don't... very transparent and obvious to all. They are in and out frequently and so change their views almost on a daily basis.
Personally not interested in any low content posters. Generally I ignore claims of those who say its rising or falling but have no real reasoning to back up their claims (either technical or fundamental). Its best to ignore these types posters.... Unless, of course, they post something which is blatantly misleading...
All is IMHO DYOR
NMR Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
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