nice Ben, work is always good
I can't be too optimistic since I don't know or use much fundamentals, and from what I know it doesn't look too good. I bought strictly on technicals.
I know.. it went lower today but I did the mistake to look at the Canadian chart without comparing it to US. If I did I would've bought today few pennies lower. This because I was somewhat disconnected from Canadian NT chartwise for a long time for self imposed ban, but had to buy the Canadian side.
US chart is weaker (but truer?) while Canadian chart is 'stronger' (apparently laggard as Toronto was closed 2 days while NY didn't) .
I was a little pissed yesterday when I realized it.
Good news and bad (horrific) news:
While we're due for a bounce/rally and I see some up potential, the markets are weak. the horrific part is that NT price is DEEP into the shock area (NT manipulator was a shocker for a long time now!). A shock here could be massive (both ways!!!). To be "shock safe" (on the negative side) NT has to rise to around 3.7x US prior to the shock (provided one will come).
A shock can come with any excuse. The most realistic I can see are 3 - 1) delay of PR (killer I tell you), 2) massive write off (billions), 3) dead 2004 performance (killer too)
I hope none comes true, especially the 3rd one.
cheers and have fun ;)
