The development of up trending staircase, as HMGP, would be great but NVMG has a different twist behind it. IMO the trading pattern characterists going forward maybe more of a hybrid between HMGP & UPDA and a bit volatile as well.
On the down side, with the float of NVMG @142M and rising it would not surprise me to see the printing press affect to some degree going forward. To what degree the factor will be; IMO depends on how NVMG handles and distributes the growing o/s. UPDA is a great example of this affect on a PPS.
On the upside, NVMG is uniquely positioned with leases in areas that have huge potential; as HMGP and a business plan that is ready for execution in the short term. In addition, the current PPS is way undervalued.
IMO I anticipate a chart pattern more indicative of an uptrend that is 2-steps up for every 1-step back with some volatility.
