Northern Dynasty Minerals Ltd (NAK)

[daveblanchard]

I think there will be a further drop tomorrow. It appears to be a descending pattern. Not sure how low it will go, or when it will reverse. Decline seems to be caused by general market conditions. Actually, it was surprising on Friday to see that NAK was doing nicely while there was a fair amount of red in the overall category.

The chart looks very interesting to me, from 1:30 PM to 3:45. Looks like whatever algo is steadily milking the chart cut out for a while. The line stopped looking so fuzzy and now looks almost like a real stock chart. Immediately there was what appears to be a managed plunge, with a step down to .9940 ish, a more or less organic slide, followed by a step back up to .9930 ish, then a ramp to .999 off and on, with a small dip at the end, followed by resumption of heavy algo activity in the last 15 minutes.

My take: dip planned tomorrow. Let's see how it plays out...