A retest of QUATRO could trigger the next bullish wave in OTC: NAUFF

Following yesterday’s NAUFF post, an important factor that makes the current structure particularly interesting is that although the stock has risen significantly since the breakout phase, the bullish momentum remains strong. 🐂

Rather than entering a deep downward correction, the price continued to trade sideways before completing its upward climb again, which is generally considered a sign of strong institutional consolidation within a strong uptrend. ⚡

At the same time, the company continues to enhance the strategic importance of the Limousine Butte Project through its evolving antimony story, which has begun to attract increasing market interest as antimony becomes an important biomineral in North America. 🌎

This increased fundamental interest is entirely consistent with what the chart is currently showing:
Sustained momentum, minor correction, clear continuation of the uptrend. 📊

Now, NAUFF is approaching what I call the QUATRO retest zone. 🔑

It intersects with four major bullish factors:

1️⃣ Overall uptrend, with lower green trendline acting as strong non-horizontal support.

2️⃣Structural support, price retests previous major highs, which also creates new areas of unfilled demand.

3️⃣The psychological number is $2, which adds extra artistic meaning. 💰

4️⃣ The momentum of the MACD indicator is confirmed, it crosses the signal line and the histogram returns to dark green. 📈

📌 When multiple technical factors cross in the same area, these areas often turn into very important retracement points in trending markets.

As long as the QUATRO retest area continues to hold, the overall trend remains very strong and the current bullish wave may still be in its early stages.

🎯 In this case, we’ll be looking for trend-setting buying opportunities, targeting:

• The mental number of $3 is the first major goal 🚀

• Thereafter, the stock may gradually continue into a new price discovery phase, where estimating upside targets becomes more difficult from a technical perspective.

📌 Another interesting factor supporting the bullish structure is NevGold’s recent discovery of very high levels of antimony mineralization within the historic Pre-Strip Dump area, including several double-digit samples as high as 53.7% Sb. 🔥

What’s more, the mineralization is located at surface adjacent to historic World War II antimony mining areas, while the company continues to advance the first modern antimony-gold resource estimate (MRE) for the Limousine Butte Project. ⛏️🌎

The continued shift from exploratory stories to the resource definition phase aligns perfectly with the strong upward momentum currently visible on the chart. ⚠️

short,

NAUFF still maintains a very strong bullish technical structure, and as long as the structure and momentum continue to hold, the current QUATRO retest area may become the starting basis for the next bullish wave. 📈⚠️

⚠️Disclaimer: This is not financial advice. Always conduct your own research and properly manage risks.

📚Stick to your trading plan in terms of entry, risk and management.