Technical Summary: The price action over the last year really does tell the story of the last two and a half for holders of NZR as the stock has consolidated by largely moving sideways in a tight trading range. Currently, the stock is trading towards the top end of this range so the question is whether resistance will be found again or if it will be able to move through. It is likely that the company will need a fundamental catalyst to provide the momentum to get through the resistance so traders and investors might be advised to pay attention to the newsflow for the company. Currently however the price action is positive with the stock potentially forming a pivot point at around $2.5-55 per share. It might be worth adding to your watchlist.
