Our old friends have gone on hiatus - not a word from the great yacht collectors in over 36 hours! Not to worry, they'll be back with their hourly updates (even during the night when the stock isn't trading) when they mortgage one of their islands and buy up a few more NMR shares.
I took a bit off the table in the high 5s but will reinject those funds in the high/mid 4s if I get lucky. That gap should fill on this retrace to keep this uptrend stable, and I think the weakness into the close suggests that could happen as early as tomorrow. Keep an eye also on those daily stochastics. To me they are suggesting that the stock is long overdue a bit of a cooling off period, but we also have bullish signals all over the chart as well, and I think that the bulls will prevail in due time with a move past the recent highs. With the fundamentals on our side, all it needs is a bit of patience!
NMR Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
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