NML/ASX
Looking at it on a weekly chart. Continuous uptrend . Above the 314 and 200 EMAs. RSI at 59 % which is a little higher than halfway so no where near extremely overbought. We can see that on the 14th of October we hit the previous high from January 18th. This will be an area of strong resistance. The stock has now retraced back to the fib level of .382 ( $ 1.00) with few weeks of dogi candles where it has been "basing" We can now we see a nice candle forming with potential continuation. Wait for a MCD Cross for confirmation and if it goes higher from the blue support line we can confirm another higher low. Potential of about 40% before attempting to break above the previous high.
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