TA...Fibs

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)

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djje

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TA...Fibs

posted on Sep 04, 2013 01:45PM

As i've stated i'm not trading Noront, i'm in for the long haul, but in case anyone is, it appears we have made an almost perfect 50% fib retracement.

.23 to .425 = .195 x .50 = .0975 retracement.

therefore: .425 - .0975 = .3275. We hit this almost bang on this morning at .33 cents.

Extension levels are as follows:

.618 fib ext = .55 cents

.1 fib ext = .63 cents

.1382 ext = .70 cents

.1618 ext = .75 cents

Take your pick..........assuming you subscribe to Fibonacci. Not investment advice at all, just food for thought. As i've stated, I personally am not trading noront, I think the upside in a few short months is much higher than these values, much. And I still subscribe to the theory that we will be taken out which no amount of TA can predict. Nonetheless, we seem to have many people talking about pulls etc, so there are traders. Beware, trading a stock like this is risky business, I think many will look back and regret it, but that is just my opinion. I wouldn't be able to forgive myself if I was on the sidelines looking in at Noront being bought out for multiples of my trading targets etc. Good luck just the same.