OTCQX:NTTHF - Post by User
Comment by
tiger2201on May 26, 2021 3:54pm
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Post# 33269489
RE:RE:RE:5 star nlc article
RE:RE:RE:5 star nlc articleIt seems there aren't a lot of exciting things happening during the hot summer, inside are selling, but our CEO Waldo is still holding all his shares.
tiger
Theschnitzel wrote: Nice summary. I do think there is a stong potential NLC starts to consolidate and begin to move higher over the summer leading into Q3 based on the following. First, I think the market will anticipate positive news in Q3 (impending environmental approval, further financing and the final feasibility report) and market entrants will attempt to 'jump the que' and enter before these catalysts.
NLC share performace is inevitably tied to the performance of the sector. LAC, NLC, ML and many other lithium stocks are down roughly 50% from Feb high, a healthly correction no doubt. Now many of these stocks NLC included rest at key support levels. Furthermore, if you analyze the volume of this correction for NLC you will see that it is on quite light volume. The selling is mainly coming from previous FOMO buyers, the impatient and overall retail sellers IMO.
There are too many positive tailwinds in the overall sector and positive catalyts in NLC's case to depress the price for too long. We are still in a strong bull trend.
In short things will be getting interesting soon :)