Firstly, let me thank the people who contribute valuable information to NML's forum on HC. Must more refreshing than some of the rampers on here.
Number two, I've had my first crack at a TA Chart for NML.
As we're all aware, SP is moving in the right direction after being stagnant in the 0.48 to 0.56 channel for the last few months. But more importantly, this channel can actually be extended to 0.48 to 0.64 over a similar period, with tested resistance in the last week or so. However, with a rapidly rising OBV and the 30 day moving average passing the 200 day moving average, we could be seeing a decent run if 0.64 is broken on good volume. Pretty handy the JV agreement is just around the corner, eh?
Please give me feedback if this is incorrect, if I'm missing something, or if there's something I could do to improve the chart.
FYI - 7 day ma - blue 30 day ma - green 200 day ma - red
