Noble Iron Inc V.NIR.H

GRQ Man ...

[Francesco1]

Thanks for your encouraging words regarding my last 2 posts ... Sometimes it is difficult to time these kinds of analysis, since there are so many variables ... in the form of market conditions, fundamentals, manipulation, news releases, etc. But one must attempt to put his reputation +on the line+ occasionally by taking a stance and then seeing it through ... It is good to +keep your chops up+. In response to your question about how news realeases will affect the price targets of the stock. The price target that I calculated is based on a completion of the triangle, and is the +minimum+ target to expect ($4.10). This is basically what one would expect without a significant news release to help the stock. A news release now is not a requirement for us to see the $4.00 area. However, anything positive that the company releases will be the fuel for this sharp up move and of course would be the +reason+ that the media interprets as causing the rise. Technically the stock is in a state where we are predisosed to rise at the slightest hint of good news. That is the one big advantage that technical anaysis has when used in conjunction with fundamentals. We know when to look for a big move in either direction, as it give you a hint of what the future might look like over the intermediate term. If we really get some hot news releases in the future, the following price targets would +kick in+. These targets are based on the same triangle formation, and use fibonacci multiples to calculate where the stock could go. These targets will probably be valid for at least the next 6 months ... We can revise them as the rally unfolds in the longer term. Minimum target = $4.10, and is based on the length of the first decline. 2nd target = $5.40, and is 1.62 times the 1.80 decline + 2.50= 5.40 3rd target = $7.20, and is 2.62 times the 1.80 decline + 2.50= 7.20 Francesco