Just to clarify what I said on NXM. That chart is very similar to what has happened on AGY.
Here is a comparison of the weekly charts.
As you can see on AGY, once the share price started the uptrend it never went back to the lows again. These are potentially good lows for NXM.
That first initial pattern is decent and took the AGY share price from 2.6 to 8.1c, but it took 12 weeks to do so and followed by a 21 week retrace. It's also difficult to determine when the top of that first pattern occurs. That means once you're in it there is uncertainty on when to sell. There also may be a consolidation period before the uptrend starts, so it's good to wait for a proper indication of an uptrend.
The long term hold (roughly 2.5 years) is great though. If it were to follow AGY pattern then NXM could go to a high of 101c so a $1. This is the 161.8% fibonacci extension of that first shoulder.
