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: nice to see

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TA

in response to nice to see by bluespruce
posted on Jul 04, 09 07:09PM

Hi Bluespruce...

Not sure what your avg price is but if you are looking for a new position the best way to look at the chart is the moving averages.

A few on the trading chief site do well buying their position in thirds. I usually simply buy dips and use stops a little under major support levels...however I have not done so with NOT , no point in stopping myself out if I am a long term player...simply accumulate if you feel the share price will go higher.

I don't believe we will get another opportunity to buy at the 13day moving average(MA) at .60 So, try your hand at buying some of your position now or at the 50day MA $.72

I see heavy resistance at .69 so best to wait to see if we can get above the 50 day MA .72 and use the .69 level as your stop...if you are eager to get in then do so but keep a close eye on whether there is enough volume to push thru this .69 - .72 level.

Should we happen to gap up thru the 50 day level then the next key level is the 200day MA which is set at .86

Not much room to the downside anymore, might see .62 if we have a tough start to the week in the markets overall, but that is very good support level so bite the bullet and jump in.

Good Luck...

GS40

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