NMT 4.00% $1.17 neometals ltd

80c target Bullish Pennant Breakout

  1. 6,433 Posts.
    lightbulb Created with Sketch. 175
    A really nice setup in NMT's chart. Closed on its weekly high on very strong volume

    It is a much healthier chart than a lot of the other lithium plays, and certainly doesn't look as pumped as some of the other hopefuls (eg. PLS). The only other two which popped up in my scan were GXY and GMM, both in halts for their postulated merger. I think that news will spur on the lithium space imo; shows a lot of confidence from the ones who know best.

    80c looks like a reasonable target if it breaks through 50c.

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Last trade - 16.10pm 03/12/2021 (20 minute delay) ?
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NMT (ASX) Chart
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