If using TA and charting it aint no gambling stock to see which way this ugly baby been going.
It's a bear and we have just witnessed the end of the 3rd sucker rally and has broken support 2.43 seemingly on its way down to form another lower low...
Todays 1c rise to 2.43 hits its newly formed resistance line (old support) is a quick pullback to test its breakdown price..It will need buying pressure to break back...Even then you need a higher higher high of 2.70+ before the bear becomes sick..
It didn't matter how well NZR looked 5 months ago..when multiple sell signals go off in quick succession.. it is nearly always not a good sign..TA is waving a very big red flag for you to notice...
Some investors may have stayed in because these multiple sell signals were unusual by occurring at the very top with little decline...but..as soon as the longer term MA200 breaks together with medium support at 3.30...it's sell time (even for the longer term investors)...Quit while your ahead and wait until the bear dies..
EDIT: I forgot to add the new primary downtrend line..which nicely touches the tops of the 3 sucker ralies..this down trend line is very steep..a warning sign to stay clear until it breaks...The trend is your friend or your enemy...you choose
http://i458.photobucket.com/albums/q...2029062016.png