NWC 3.03% 3.2¢ new world resources limited

Where most bullish juniors are forming pennants and breaking...

  1. 3,290 Posts.
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    Where most bullish juniors are forming pennants and breaking out, NWC and RDT (I don't currently hold but have) appear to be forming downward flags:
    RDT
    https://hotcopper.com.au/data/attachments/4225/4225792-664c293a493a49ca834441ad059141cb.jpg
    NWC
    https://hotcopper.com.au/data/attachments/4225/4225797-21992b0c2b862b17658ff742b50aa4b7.jpg

    Despite both having outstanding geology, they also have weaker registries IMO, causing the lower dips.

    It's not all bad though, as it could be a bullish continuation pattern:
    https://hotcopper.com.au/data/attachments/4225/4225810-e3042fa7785e99401da712a519a327ac.jpg

    For NWC, we'd need to see an upwards move beyond 7.5c to confirm (+50% from here!).
 
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