High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire"

NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Message: tomorrow technical prediction

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yangzhh

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tomorrow technical prediction

posted on Nov 15, 07 04:01PM

Even though I don't think NOT is good for day trading, we still can have some thoughts on how it will go from technical point of view. Momentum has reached its low 2 days ago. Now it's backing up and should turn positive tomorrow. I think we should see strong support at EMA50/SMA50 (around $4.3/$4.5). Today $4.55 was at the Fibs 0.382 if considering the last run from $3.01 to $7.05. If it doesn't hold at these sensetive positions NOT will move much lower to $3 range. Even though I hate the bashers saying we'll see $3 soon, there's always a possibility if volume still keeps this low. We shall see.

Good luck all!

PS. I own over 40k of NOT.

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