NWC.AX accumulated and ready for next move up.NWC.AX is touching the 50d MA around .056-0.055 and looks to be setting up for its next run at least until 0.065 resistance zone and likely beyond.
NWC trade ideas
NWC:ASX - NEW WORLD RESOURCES - 300% run since JuneNew World Resources has been having a pretty good run over the last 6 months. Looks to have finally broken out through a bit of a resistance area. With the USA looking more and more to self-reliance and domestic sourcing of mineral deposits, this could be worth a watch.
From their about us at newworldres.com
New World Resources has been assembling a portfolio of highly prospective mineral resources projects in North America. These assets currently comprise: the Antler Copper Project in Arizona, USA; the Tererro Copper-Gold-Zinc VMS Project in New Mexico, USA; the Colson Cobalt-Copper Project in Idaho, USA; the Goodsprings Copper-Cobalt Project in Nevada, USA.
Collectively these projects comprise a highly prospective portfolio of high-grade projects all located in stable, pro-mining jurisdictions. Small-scale production has been recorded, historically, at all three projects, yet very little modern exploration has been undertaken at any of the projects. Accordingly, there is considerable potential for exploration success at all of the projects, which provides the Company the opportunity to realise considerable value for shareholders.
