Weekly chart
Great volumes
Positive RSI trend line
Positive price trend line
Break from the downtrend RSI
Ascending triangle pattern forming in time for their results
www.investopedia.com
$NTU.AX it is getting very tight . looking good
Northern Minerals Limited (NTU) is as an exploration company with the core focus on the construction and operation of a pilot scale project aimed at assessing the technical and economic feasibility of a fullscale commercial operation at its Browns Range Pilot Plant Project.
FV 0.059c
An Australian based rare earth mineral exploration company with projects in WA &NT. The daily shows the break above the $0.027 zone & the retest. It showed a strong bullish move today.
Northern Minerals (NTU) has entered a subscription agreement with sophisticated investors to raise $22 million
The placement will be completed in four phases, however, phases two, three and four will be subject to shareholder approval
Phase one will see approximately 450 million shares be issued at a price of $0.02
Money raised will fund the continued development...
With the recent weeks news that China might retaliate against the US's threat of trade sanctions by restricting exports of rare earth metals these stocks might be worth a watch.
Pretty weak day on the ASX today but NTU was showing some signs of strength.
I like the idea that its one of the few games in town in this space. If US and China trade sanctions kick in further then NTU might become a good alternative for those not wishing to deal with China.
I like that they are now a producer with exports as opposed to simply wandering the...
Price is challenging support at .08c again. If it breaks below, the next support level is .058 -.6c. The upside is capped by the 50 day MA and the 200 day MA. I do not forsee any upturn. In fact descending triangles are normally break in the direction of the trend but then this is not a buy or sell recommendation nor should be construed as invetment advice.
