$NMR $NMR correction setup
NMR has made an extremely strong move from around $11.80 to $18.60+ in a very short period, with a huge increase in volume.
After such an aggressive move, I’m expecting a meaningful correction.
My main correction target is the $13.00-$12.90 area.
If $12.90 breaks with strong selling pressure, I think we could see a much deeper sell-off toward $11 and potentially even lower.
For me, the key levels are:
🔴 $18.0-$18.6: major resistance
🟡 $15-$16: first correction zone
🟢 $13.0-$12.9: main correction target
🔻 Below $12.9: potential acceleration toward $11 and lower
The move has been too vertical for me to chase a long here. I’m watching to see whether the momentum finally turns into a proper correction.
Let’s see what NMR does
NMR has made an extremely strong move from around $11.80 to $18.60+ in a very short period, with a huge increase in volume.
After such an aggressive move, I’m expecting a meaningful correction.
My main correction target is the $13.00-$12.90 area.
If $12.90 breaks with strong selling pressure, I think we could see a much deeper sell-off toward $11 and potentially even lower.
For me, the key levels are:
🔴 $18.0-$18.6: major resistance
🟡 $15-$16: first correction zone
🟢 $13.0-$12.9: main correction target
🔻 Below $12.9: potential acceleration toward $11 and lower
The move has been too vertical for me to chase a long here. I’m watching to see whether the momentum finally turns into a proper correction.
Let’s see what NMR does