NMR Breaks Massive Weekly Triangle after 121 Weeks

In a major move, $NMR has finally broken out of the massive weekly triangle it has been trapped in for the past 121 weeks. This is highly significant for investors who have patiently waited for this breakout. Such long-term consolidations often require strong conviction from investors who believe in the potential of the asset.

The breakout of $NMR is reminiscent of the impressive run that $TRB experienced previously, suggesting that similar price action could be in store for $NMR. This similarity between the two assets adds further weight to the potential upside for $NMR.

Investors and traders who have been closely monitoring $NMR’s price movement now have a high conviction play on their hands. The breakout from the weekly triangle indicates a significant shift in market sentiment, potentially leading to a sustained upward trend in the price of $NMR.

The weekly triangle pattern is a technical analysis tool used to identify periods of consolidation and predict potential breakout or breakdown movements. With $NMR breaking out of this pattern, it suggests that the asset is now ready for a substantial price movement.

For those who have been waiting for an opportunity to enter or add to their positions in $NMR, this breakout could be the ideal entry point. However, as with any investment, it is essential to conduct thorough research and consider factors such as risk tolerance and investment goals before making any decisions.

As news of the breakout spreads, it is likely to attract the attention of other investors and traders who may be looking for new opportunities. This increased interest could further fuel the upward momentum of $NMR.

It is important to note that while the breakout from the weekly triangle is a positive sign for $NMR, there are no guarantees in the financial markets. Prices can be volatile, and investors should always exercise caution and employ risk management strategies.

Overall, the breakout of $NMR from the massive weekly triangle after 121 weeks is a significant development for investors. It indicates a potential shift in market sentiment and opens up new opportunities for those looking to capitalize on this breakout. However, it is crucial to approach any investment with careful consideration and conduct thorough research before making any decisions.

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$NMR breaking the massive weekly triangle it has been in for 121 weeks.

High conviction play for everyone who has been waiting with me for this to go. The one’s that pump the hardest usually require such conviction.

IMO this can run like $TRB did. Very similar. pic.twitter.com/ZylODyHuke

— Canuck Investing (@CanuckInvesting) December 29, 2023

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@CanuckInvesting said $NMR breaking the massive weekly triangle it has been in for 121 weeks. High conviction play for everyone who has been waiting with me for this to go. The one's that pump the hardest usually require such conviction. IMO this can run like $TRB did. Very similar.