NZC 3.57% 27.0¢ nzuri copper limited

$NZC chart update. Volume has dried up indicating sellers are...

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    $NZC chart update.  Volume has dried up indicating sellers are largely done selling or are not prepared to sell at current levels or lower.  Buyers yet to step back in force, but that is what we would like to see now.  A cheeky test of supply near close today to test overhang revealed some supply at the 30 level still to be drawn out.  I have a feeling the short position is closed as they could have easily tapped the price down into close.  So we were left with a closing bar at 30c which pops its head out of the recent down handle of the large cup.  Some constructive sideways action and accumulation over the coming days/weeks would be beneficial for a recommencement of any uptrend.  A lot of news flow to come for NZC and the DRC.

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