North Bay Resources Inc (NBRI)

[phrantic]

If the chart dictates correctly we should range between .173 (key support) and .22 (key resistance). Support at .173 coincidentally is right at 50% FIB retrace which gives a target of .22. We have 2 gaps below at .165 & .15. The lower range of the .15 gap is also key support at .146. Interpreting volume/price, retail did not support the move to .22 as can be seen in the comparatively weak volume on June 6th. Also, the pullback from .22 to .173 is seen as healthy as it occurred on declining volume. If support at .173 is violated, I'd expect the breakaway gap at .15 to fill. On a more positive note, volume was beginning to expand at Friday's close and price closed at .18 in the upper range of the day's trading. I totally ignore candle tails and depend on the candle body for interpretations because the tails do not represent overall market mindset, they can be simply one trade during the day to create those. All other indicators/overlays support a trading range between .173 and .22. One thing that volume has consistently stated very plainly over time is that we are still running under the radar. In light of all that's working its way to the surface with NBRI (pun intended), I would view any price below .173 as a generous opportunity for accumulation. As always, news trumps charts!