Sometimes it's good to look at a weekly chart to see what's happening without the daily fluctuations. Few interesting things on the weekly
Our little push above 40c appears to have been rejected this time, but likely it will have another go, read on
Volume cluster looks strong indicating strong interest in stock
EMAs are looking good , and oh Lordy, that green one which is the 50 period looks like it's about to cross the red one which is the 200 period. If it does we will have a "Golden Cross" on the weekly chart, they don't happen too often on the longer term charts as obviously it takes longer for the averages to move.
So what does it indicate, well strong interest is flowing for the stock
And the weekly RSI confirms it.
Have fun holding.
NMT Price at posting:
37.5¢ Sentiment: None Disclosure: Held
