Current Price: $10.35
Daily Gain: +4.76%
Moving Averages:
MA7: $9.17 โ (short-term trend bullish)
MA25: $8.90 โ
MA99: $8.64 โ
๐ Price trading above all key MAs = strong bullish setup.
๐ Market Structure & Breakout Outlook:
#NMR has cleared the $10 mark, a major psychological and technical resistance.
The breakout follows a long consolidation phase between $7.50 and $9.00.
Volume supports the move, hinting at potential continuation.
๐ข Support Levels:
Primary: $9.50โ$9.70 โ breakout retest zone.
Secondary: $8.60 โ aligned with MA99 and July range highs.
๐ฏ Upside Targets (if momentum holds):
T1: $11.80 โ resistance from February (take partial profit).
T2: $13.50 โ December 2024 resistance.
T3: $15.80 โ key pivot / high-volume area.
โ ๏ธ Risk Factors:
Failure to hold above $10.50 could mean a fakeout; confirmation requires a 4H close > $10.60.
Suggested stop-loss: under $9.20 (tight) or $8.50 (swing).
โก๏ธ Bottom Line:
#NMR has broken out of a multi-month range with bullish momentum and MA alignment. Sustaining above $9.70 increases the probability of moves toward $11.80 and $13.50.$NMR