I have taken a small speculative position in NAM based on its strong chart pattern and the fact that I have seen some large orders come into the market and just sit there at 38c recently.
One such order was for 80000 at 38c. This equals $30400. Not a big order?.......it sure is when the average volume is around 60000 per day. Today, only 21K traded for example.
Have you noticed how the sellers are drying up as well.
I have been watching QCH and the Cotton Futures market as well. Both are showing strength.
NAM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held