Niocorp Developments Ltd (NB)

[PutzMueler]

IMHO after closing yesterday, on what I suggest is support, we need to close today above $1.23 to confirm our weekly break-out from last week, and the same for the end of May / Tuesday, to confirm the Monthly break-out.

https://money.tmx.com/en/advanced-chart/NB
3 month daily OHLC Chart

We had a green day on Tuesday which gave us confirmation of our Friday push and break out, now we need the same confirmation for this week and this month.

Although not getting the confirmations on our breakouts won’t be a travesty, it will be a postponement.
LIND partners would probably love that postponement and work to make it happen. Here is hoping they don’t have any more converted shares to sell, and the market as a whole thinks we are at the bottom and should be buying.

If you really want to get into the chart, our daily breakout confirmation happened on Tuesday from last weeks surge and the SP has dropped substantially over the last three days and has a touchdown on the downward trend line that we broke through on Friday and confirmed on Tuesday.
And since that has already happened as of yesterday’s trading there’s no place to go but up. And if I am out by a penny then the entire chart is wrong. Lol