Confirmation not at the moment. The sp needs a wider spread with increased volume. Parabolic sar is not indicating a reversal of side way movement at the minute. Although a cup and handle have a 70% chance of giving a sp breakout; NMR has stalled. The 5 last trading days have given a real tug of war between bulls and bears. I am looking at an sp of 5.0 - 5.1 to start thinking of a strong upward movement. As mentioned previously if sp hits the 200MA a whole new ball game starts.
NMR Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
