Niocorp Developments Ltd (NB)

[PutzMueler]

Yes there is a logical reason, Accumulation and day trading.

After a run up there will always be pull backs. Right now it is deliberate because I'm sure if you were accumulating shares you would want to buy as many as possible which runs the price up and then you would want to sell just a few to push the price back down so you can do the same thing tomorrow or again today.

There are resistance and support points on the chart and if you are a chart person you would see that it stops at resistance and turns around and goes back down to support which is where we are right now.

It is expected and nothing to worry about because you are going to see the same thing next week but perhaps bigger volume and more volatility.

Yesterday when we broke through $.82 and without me actually looking and knowing for sure but I am pretty sure the volume spiked when we broke through and then we climbed to $.86 now we are testing that same resistance point and it is now support