Following up on the NAUFF post we published yesterday, one thing that makes the current structure particularly interesting is that the bullish momentum is not slowing down despite the stock already being up aggressively from its breakout phase.🐂
Instead of producing deep bearish corrections, price continues to consolidate sideways before pushing higher again, which is often considered a sign of aggressive institutional-style accumulation within strong trends.⚡
At the same time, the company continues expanding the strategic importance of its Limousine Butte project through its growing antimony narrative, which is increasingly attracting market attention as antimony becomes a more important critical mineral within North America.🌎
This growing fundamental interest lines up very well with what the chart itself is currently showing:
persistent momentum, shallow corrections, and continued trend continuation behavior.📊
And now, NAUFF is approaching what I call a QUATRO Retest zone.🔑
This is the intersection of four major bullish confluences:
1️⃣ The overall bullish trend, with the lower green trendline acting as a strong non-horizontal support.
2️⃣ Structure support, as price retests the previous major high, which also created a fresh unfilled demand zone.
3️⃣ The psychological $2 round number, which adds additional technical significance.💰
4️⃣ Momentum confirmation from the MACD, as it crosses above its signal line while the histograms shift back into dark green territory.📈
📌 When multiple technical factors align at the same area, these zones often become highly important reaction points within trending markets.
As long as this QUATRO Retest zone continues to hold, the overall trend remains very strong and the current bullish impulse may still be at an early stage.
🎯 In such a scenario, we will be looking for trend-following long setups targeting:
• The psychological $3 round number as a first major objective 🚀
• And beyond that, the stock may gradually continue in price discovery territory, where upside expansion becomes increasingly difficult to project technically.
📌 Another interesting factor supporting the bullish structure is that
NAUFF recently identified extremely high-grade antimony mineralization within the historical Pre-Strip Dump area, including multiple double-digit antimony samples reaching as high as 53.7% Sb.🔥
What makes this particularly interesting is that the mineralization sits at surface near historical World War II-era antimony mining zones, while the company simultaneously advances toward what could become the first modern Gold-Antimony Mineral Resource Estimate (MRE) completed at Limousine Butte. ⛏️
This ongoing transition from exploration narrative into resource-definition progress continues to align well with the strong bullish momentum currently reflected on the chart.📈
In brief,
NAUFF remains technically very bullish, and the current QUATRO Retest zone could become the foundation for the next bullish expansion phase as long as structure and momentum continue holding.⚠️
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Instead of producing deep bearish corrections, price continues to consolidate sideways before pushing higher again, which is often considered a sign of aggressive institutional-style accumulation within strong trends.⚡
At the same time, the company continues expanding the strategic importance of its Limousine Butte project through its growing antimony narrative, which is increasingly attracting market attention as antimony becomes a more important critical mineral within North America.🌎
This growing fundamental interest lines up very well with what the chart itself is currently showing:
persistent momentum, shallow corrections, and continued trend continuation behavior.📊
And now, NAUFF is approaching what I call a QUATRO Retest zone.🔑
This is the intersection of four major bullish confluences:
1️⃣ The overall bullish trend, with the lower green trendline acting as a strong non-horizontal support.
2️⃣ Structure support, as price retests the previous major high, which also created a fresh unfilled demand zone.
3️⃣ The psychological $2 round number, which adds additional technical significance.💰
4️⃣ Momentum confirmation from the MACD, as it crosses above its signal line while the histograms shift back into dark green territory.📈
📌 When multiple technical factors align at the same area, these zones often become highly important reaction points within trending markets.
As long as this QUATRO Retest zone continues to hold, the overall trend remains very strong and the current bullish impulse may still be at an early stage.
🎯 In such a scenario, we will be looking for trend-following long setups targeting:
• The psychological $3 round number as a first major objective 🚀
• And beyond that, the stock may gradually continue in price discovery territory, where upside expansion becomes increasingly difficult to project technically.
📌 Another interesting factor supporting the bullish structure is that
NAUFF recently identified extremely high-grade antimony mineralization within the historical Pre-Strip Dump area, including multiple double-digit antimony samples reaching as high as 53.7% Sb.🔥What makes this particularly interesting is that the mineralization sits at surface near historical World War II-era antimony mining zones, while the company simultaneously advances toward what could become the first modern Gold-Antimony Mineral Resource Estimate (MRE) completed at Limousine Butte. ⛏️
This ongoing transition from exploration narrative into resource-definition progress continues to align well with the strong bullish momentum currently reflected on the chart.📈
In brief,
NAUFF remains technically very bullish, and the current QUATRO Retest zone could become the foundation for the next bullish expansion phase as long as structure and momentum continue holding.⚠️
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Join RichTL - Rule-Based Technical Analysis
RichTL.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
RichTL.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.