NR Decision Point Coming Soon

7 בפבר׳ 2022

The 3D price tracking for NR is looking quite interesting to make a possible strong break one way or the other. On the upside, there's a possible inverse head and shoulders and the resistance line hits back to the 2012 lows. If it breaks up, the pattern would support a target around 5.8-6.0. If it fails to break up, then it looks at crashing downwards. Either direction is possible right now, but it looks like the consolidation may be coming to a close soon. I'd expect a break one way or the other here in the next week or two.