Technical Insider

NI = 18.5 ( 5.7% ) NI formed a white candle with lower low and lower high. Might be bullish. NI might be forming a reversal pattern: piercing pattern, which would reverse the current downtrend to either a sideways (more likely, given the volume) or uptrend. If this is indeed a piercing patter the low would be the bottom of the downtrend. This reversal pattern would be verified if NI forms higher lows and higher highs for the following trading days. Support: 17, 16 Resistance:18.5, 19-19.75 (previous gap down) Good luck to all NI traders!

NI = 26 ( 11.8% ) NI formed a white candle with big volume to test resistance at 27. Resistance: 27 Support: 23.5 (?); 32MA Good luck to all NI traders!

NI = 21.5 ( 4.9% ) Congratulations to all the don and doñas with balls of steel who held NI and courageously endured the sideways movement signaled by the previous reversal signal: the bearish engulfing. Looks like the bulls are in charge again of NI since it closed above its recent previous high now looking to test a new resistance. Resistance: 23.5 - recent new high Support: Hopefully at 21.25 Good luck to all NI traders!

NI = 20.25 ( 9.5% ) If you look at NI you will note that after forming a black candle the price movement of NI failed to push the upper limit of the bolliger bands which may indicate loss in momentum of the uptrend. Although NI formed a white candle which was able to cover more than half of the previous black candle, it was not able to achieve a higher high. Also if the supply line holds today's white candle was not able to break that supply line. I was hoping to get back to NI because the ticker tape was riddled with orders for NI mostly buy up orders. But i had to stick to my plan that I was to buy into NI if and only if it was able to achieve a higher high and a higher low and big, as in big volume. Neither of which was accomplished by NI today... Support: 17.75 - lower limit of the black candle 65MA Resistance: 21.25 - upper limit of the black candle Good luck to all NI traders :)

Disclosure: sold some geo at 2.34 (high of 2.36) at close sold some ni at 20 (high of 20.25) at close sold some mic 6.2 (high of 6.6; TP of 6.8) at runoff would have wanted to hold on to my positions but had to take some profit and lighten my positions because I won't be able to monitor the market as closely as today... Good luck to all traders :) happy weekend! take care and god bless :)

NI - 16.5 (0.0%) NI closed below its open of 16.75, but not before making everyone almost faint in excitement during the morning attack when it flirted with the idea of crossing the 65MA only to disappoint by gentle grazing it quickly and retreating below its open... one word for NI - tsope! (hehehe) For guys like me looking for the oops... it was a let down... For guys praying for some consolidation so that the flag and pennant can form :) most likely they have a grin as wide as your screen :) hehehe :) Check out my previous post about the resistances and support of NI since it closed at the same point it closed yesterday :) thanks so much for reading this update on NI :) Good luck to all NI traders :) PS: can someone please comment on the news I posted about their acquisition :) I still don't have a clear grasp of it :) Thanks again :)

DCL #5943: NiHAO Mineral lifting of trading suspension This is with reference to Circular for Brokers No. 5869-2007 dated September 20, 2007, in connection with the subscription by Mina Tierra Gracia, Inc. of 475,000,000 common shares of NiHAO Mineral Resources International, Inc. ("NI") to effect NI's acquisition of the Botolan Mining Rights. NI, in reply to the Exchange's request for additional information on the matter, submitted the attached disclosure. The trading suspension implemented on NI shares was lifter yesterday, September 25, 2007 at 9:00 a.m. NI = 16.5 ( 17.9% ) Great move by NI after the lifting of the suspension yesterday! Disclosure: I bought NI twice yesterday. Reasons why I bought: Good volume = beneficial change in ownership; crossed above the 130MA which will now act as a support level. Support levels: 15 = 130MA 12.5 = previous resistance 11.5-11.25 = 32MA Resistance levels: 17.25-17.5 = 65MA 23.5 = possible resistance, recent previous high Good...

Bought NI at 16.5 Sold WIN at 0.39 (all) Bought NI at 16.5 before close

NiHao raises capital stock to P2B http://www.abs-cbnnews.com/storypage.aspx?StoryId=93226 NiHAO Mineral Resources International Inc., formerly Magnum Holdings Inc., is increasing its authorized capital stock to P2 billion to allow the subscription of Mina Tierra Garcia Inc. to 475 million of its shares at P1 per share. In a disclosure to the Philippine Stock Exchange (PSE), the company said Mina Tierra will pay an initial P118.75 million, of which P61.47 million will be paid in the form of conveyance of its mining rights in Botolan, Zambales as per valuation of Minercon International Inc. The remaining amount will be paid in cash. Mina Tierra will pay the balance of P356.25 million upon call by NiHAO's board. NiHAO earlier entered into an agreement with Saprolite Mining Inc. for the same mining rights in Botolan. The agreement, however, has been cancelled on the request of Saprolite after it decided to assign the mining rights in favor of Mina Tierra. Trading of NiHAO sh...

NI = 14 ( 30.2% ) White candle... Huge volume... what else can you ask for in a breakout? NI resistance at 12.5 was engulfed by the huge volume (8.7M) Support: 12.5 (previous resistance) 32MA = 11.25/11.5 Resistances: 130MA = 14.75-15 65MA = 17.5-17.75 Disclosure: I have been "technically inside" NI since prices were at 24. Its recent price action will help me recover the "paper losses" and might be able to decrease the effect of cutting my positions with NI. Go NI! Good luck to all NI traders.