price action on declining volume
, evidence of healthy consolidation for a move higher. Compare the two consolidation phases' volume/price profiles, which supports the anticipated direction. R/R decent near 3:1 if you need to use hard stops. NMR
has been hanging around $5 for a while now, so a doubling to close to $10 would be the near-term swing high if there's follow through past resistance shown. Holding a core position but would look to take some profits at the levels shown, since NMR
typically goes through longer depreciation cycles.