As I have mentioned before the sideways trading is inexorably approaching the downtrend dating from May/2011 when NKO's stock was at $80. Collision now is set to occur about March. RSI seems to be rising & will have to break "70" which it hasn't the last 5 times if the SP is to break the downrend line.
Drilling news from Cikar-1 well(West Papua block) & MJ-1(D6 block) might come at the same time.
A perfect storm, but for good or bad?