Niocorp Developments Ltd (NB)

[Blairman]

Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend. More...

Event Date: Jun 05, 2014
Opportunity Type: Intermediate-Term Bullish
Close Price: $0.64
Target Price Range: $0.88 - $0.94

Price Period: Daily
Volume: 200,865
Pattern Duration: 22 days
Inbound Trend Duration: 92 days

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