8 ema is about to cross 21 ema on the daily. If one observes the last 6 months of price movements, every time 8 meets 21 ema on the daily, it has been a sell the rip event. Also note price is still within the 6 month channel. Daily ema 40 ( weekly 8 ema) is still above the price and something NMT share price seems to find as resistance. Volume is showing some strength. We have seen a weekly higher low. If 8 ema crosses 21 convincingly in the next trading days and we break out of channel then traders will drive it up to .90. Then we have an inverted head and neck shaping up. Lets see how it goes.
NMT Price at posting:
66.5¢ Sentiment: None Disclosure: Not Held
