Despite closing 11.5% lower on the day, the uptrend is still intact. The uptrend starting december has been steep and under heavy volume. The little gap that was mentioned earlier in this thread is too insignificant imho. We will not go back to 27.5. Interestingly, we are at he high of march 2017. That too may give us some support. Other than that, even if we go lower, I would look at that as an opportunity to extend my holding. Cobalt closed at at the highest level in many years at 77K$/ton and will likely continue to rise. If the stuff rises 5% that does threefold on expected margin for a Cobalt producing company. Here is where we are:
NZC Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held