I honestly don’t have much confidence in the technical analysis of our NB; volumes are often too low, and the price is heavily news-driven—more gossip than fundamental news. Still, I’ll give it my best shot LOL: since November 4, the price has entered a consolidation zone. This zone consists of a rather weak support (around $5.85) and also a weak resistance (around $6.50); in the past, the price has briefly struggled with these zones as well. I hope the support is strong enough so the price doesn’t break below it, but that’s a gamble. What I do think is that the EMA-8 (the 8-day exponential moving average) won’t fall below the $5.87 support. It’s already flattening out. However, if news comes out, the whole theory goes out the window. This kind of analysis works much better with the big players like NVDA, MSFT, BAC, … As for Niocorp, I’ve been buying since my first purchase in 2013 without doing in-depth technical analysis. I believe in the fundamental strength of the project… but you need a lot of patience. Have a nice evening.
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