Is this a breakout from the pennant Northern Bear has formed? Wait and see.
A very strong candle on the weekly chart after Northern Bear broke out from its 59p resistance, which held for 3 years.
NIBT has been ranging since June 2014, and today it has broken out from the 60p resistance, which was tested 4 times during that period. So a very bullish day today and prospects for more gains are high.
