HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Bullish Intraday Chart

Bullish Intraday Chart

posted on Aug 05, 2009 02:29PM

Today's trading action is very bullish.

We have seen some high-volume consolidation, a continuous uptrend from the intraday lows, and steady accumulation. The uptrend surely remains in tact, and this consolidation is very healthy for the stock which has, as we're all aware, had a huge run the past few weeks.

*If there happened to be worse than expected drill results on the way, and some traders possessed that knowledge, NOT would be down HUGE right now. It's not, so it merely confirms the thesis that this is healthy consolidation. Only -1.85% down on the day and up from about a 6.5% drop. I remember the last run up to the $5 plateau looked similar on days of consolidation.

GLTA.

3
Aug 05, 2009 02:31PM
Share
New Message
Please login to post a reply