NCLR.c PA shows promising bullish indicators. Basin Uranium (CSE: NCLR) shares are showing potential signs of an incoming price correction.
As bearish momentum has slowed this summer, shares are approaching the 50MA on a 23% rebound following over a week of green volume. The 50MA is also showing signs of an inflection point as its downward trajectory begins to flatten. All of these indicators appear to show that share price has hit a bottom and is beginning to recover.
The company last announced that it had begun geophysical surveying at its Mann Lake Project, so I will be keeping an eye out for results on this.
NCLR.c is currently trading at $.2, valued at only $4.86 million.
https://ceo.ca/@newsfile/basin-uranium-commences-geophysical-survey-at-mann