Nouveau Monde Graphite Inc T.NOU

Chart

[Eizenberg]

Looking at the chart of NMG (US market), we can see supports at $20, then $15, then $10, then $5ish...If things continue that way, are we going another $5 down ? I do not think so, i think the bottom can be between $2 and $3, these were the bottom price ($0.20, $0.25 before the split). Unless good news comes in and markets go bullish in a recession (with more money printing). Time will tell.

[WendelJames]

yes unfortunately the chart is trending down in a nice straight slope, it looks to me at 5.40 CAD or about $4.00 US is/was support, although this can change fast, the company is making progress, NMG will soon have the coating unit commissioned and will be producing samples of sperical coated graphite, for customers.  From the feasibility report just released, they have a NPV value 2.2

[WendelJames]

Obviously I do not know what bottom is.  if they put together and get financing and secure an off-take agreement the share price will quickly climb back. No financing no deals it will be down down down. 

[steve55]

i don't think so;Nathalie Pilon bought 10,000 NOU at $6.93 US = $8.90 CAD and Eric Desauniers has 150,000 options at $8.20 CAD.I think we've reach the bottom.

[Doda123]

I think so too I dont know about you but I think its tims to buy more and average down. This stock will go up dramatically sooner or later

[WendelJames]

I agree with you that when insiders buy and are given options it is a positive sign that the share price in the future will be higher or at least they believe it will be higher.  the markets are huge and companies like NMG have low volumes of trading , share price can be 'made' to move up and down at will by large investors. I don't if that is happening but it seems to me the