NAUFF remains within its broader bullish structure, while the ongoing correction has brought price into one of the most technically significant areas on the chart.🎯
At the same time,
NAUFF continues advancing its Limousine Butte Gold-Antimony Project in Nevada through an active drilling program, while antimony continues receiving increased strategic attention across the United States.🌎
📌From a technical perspective, NAUFF is currently retesting a potential support zone formed by the intersection of four major confluences:
1️⃣ The 100 SMA, acting as dynamic support.
2️⃣ The lower bound of the rising green channel, acting as non-horizontal support.
3️⃣ The 0.618 Fibonacci retracement, commonly known as the golden ratio.
4️⃣ The lower boundary of the red corrective channel.
📌These four technical factors are meeting around the area marked by the blue circle, making it an important decision zone for the stock’s next directional move.
As long as this intersection continues to hold, the broader bullish bias remains intact, and we will be looking for trend-following long setups.🐂
A confirmed bullish reaction from this area could signal that the current correction is approaching completion and that a new impulsive movement may be developing.
However, the corrective structure has not yet been fully invalidated.
📊For the bulls to regain stronger short-term control, price would first need to break and close above the upper boundary of the red corrective channel.
Such a breakout would increase the probability of a move toward the previous major high.
A decisive break above the previous all-time high would then be required before NAUFF could officially return to price discovery.📈
📌From a fundamental perspective, the broader U.S. antimony narrative continues to strengthen.
The U.S. Export-Import Bank’s approval of a US$2.9 billion senior secured loan for Perpetua Resources’ Stibnite project, subject to definitive documentation and customary closing conditions, reflects the growing strategic focus on developing a secure domestic antimony supply chain.
For NevGold, this sector-wide attention is relevant as the company continues advancing its near-surface antimony-gold opportunity at Limousine Butte through a 20,000-meter drill program focused on resource conversion, expansion, and new discoveries.🏗️
The company also completed an upsized financing for gross proceeds of approximately C$42.2 million, with the stated intention of supporting work at its projects, working capital, and general corporate purposes.
These developments do not guarantee a positive market outcome, but they provide a relevant fundamental backdrop while the chart tests a technically significant support area.⚠️
In brief, NAUFF remains technically constructive as long as the four-confluence support zone holds.
A breakout above the red corrective channel would provide additional confirmation that bullish momentum may be returning, while a decisive break above the previous all-time high would open the door to renewed price discovery.📈
⚠️Disclaimer: This analysis is provided for informational and educational purposes only. It does not constitute financial advice, investment advice, or a recommendation to buy or sell any security. Technical and fundamental conditions can change, and no outcome is guaranteed. Always conduct your own research and manage risk appropriately.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
At the same time,
NAUFF continues advancing its Limousine Butte Gold-Antimony Project in Nevada through an active drilling program, while antimony continues receiving increased strategic attention across the United States.🌎📌From a technical perspective, NAUFF is currently retesting a potential support zone formed by the intersection of four major confluences:
1️⃣ The 100 SMA, acting as dynamic support.
2️⃣ The lower bound of the rising green channel, acting as non-horizontal support.
3️⃣ The 0.618 Fibonacci retracement, commonly known as the golden ratio.
4️⃣ The lower boundary of the red corrective channel.
📌These four technical factors are meeting around the area marked by the blue circle, making it an important decision zone for the stock’s next directional move.
As long as this intersection continues to hold, the broader bullish bias remains intact, and we will be looking for trend-following long setups.🐂
A confirmed bullish reaction from this area could signal that the current correction is approaching completion and that a new impulsive movement may be developing.
However, the corrective structure has not yet been fully invalidated.
📊For the bulls to regain stronger short-term control, price would first need to break and close above the upper boundary of the red corrective channel.
Such a breakout would increase the probability of a move toward the previous major high.
A decisive break above the previous all-time high would then be required before NAUFF could officially return to price discovery.📈
📌From a fundamental perspective, the broader U.S. antimony narrative continues to strengthen.
The U.S. Export-Import Bank’s approval of a US$2.9 billion senior secured loan for Perpetua Resources’ Stibnite project, subject to definitive documentation and customary closing conditions, reflects the growing strategic focus on developing a secure domestic antimony supply chain.
For NevGold, this sector-wide attention is relevant as the company continues advancing its near-surface antimony-gold opportunity at Limousine Butte through a 20,000-meter drill program focused on resource conversion, expansion, and new discoveries.🏗️
The company also completed an upsized financing for gross proceeds of approximately C$42.2 million, with the stated intention of supporting work at its projects, working capital, and general corporate purposes.
These developments do not guarantee a positive market outcome, but they provide a relevant fundamental backdrop while the chart tests a technically significant support area.⚠️
In brief, NAUFF remains technically constructive as long as the four-confluence support zone holds.
A breakout above the red corrective channel would provide additional confirmation that bullish momentum may be returning, while a decisive break above the previous all-time high would open the door to renewed price discovery.📈
⚠️Disclaimer: This analysis is provided for informational and educational purposes only. It does not constitute financial advice, investment advice, or a recommendation to buy or sell any security. Technical and fundamental conditions can change, and no outcome is guaranteed. Always conduct your own research and manage risk appropriately.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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Join RichTL - Rule-Based Technical Analysis
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t.me/thesignalyst
Trusted Crypto Exchange
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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
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.