With the platinum price improving there has been strong buying pressure in NHM. We see this with increases in volume on up moves and decrease on pullbacks. However, there has still been significant supply keeping volume high. However, now we see a decline in volume indicating that supply may have dried up. I am now expecting a strong move out of the trading range.
Comment:
After a strong move out of the TR. Price has formed a smaller TR. We will look at how this develops to see if it is reaccumulation or distribution.
