NXCP Daily Chart ~ The Bottom Is In Although NXC
Post# of 2559
Posted On: 01/01/2014 9:50:09 PM
NXCP Daily Chart ~ The Bottom Is In
Although NXCP is not a chart play for me, I'm going out on the technical limb and saying that the stock has finally put in a bottom. The high .011 and .012 should prove out to have been an excellent entry point for the speculative investors. There was a lot of volume during the months of June thru September. Since all that was at much higher levels, it wasn't disappointing to see the gradual selling into the bids during the last couple of months. On any increase of volume, NXCP has moved up very quickly. As with a few of my longer term penny plays, NXCP is not a short term play. I've been accumulating from .011 to the .03s and back down to .012 recently. This company is another very tightly held stock with a float of approx 41 mil and most of it in strong hands. Now it's time for management to execute and deliver. When that happens, I believe we'll see NXCP over .10 very quickly. This is not a short term hold, so don't get excited if it doesn't trade 100 mil shares in the next day and run 5 bags. Most of those are just pump and dumps. The NXCP CEO is building a company here, and a few friends and I are along for a multi month ride. GLTA
Although NXCP is not a chart play for me, I'm going out on the technical limb and saying that the stock has finally put in a bottom. The high .011 and .012 should prove out to have been an excellent entry point for the speculative investors. There was a lot of volume during the months of June thru September. Since all that was at much higher levels, it wasn't disappointing to see the gradual selling into the bids during the last couple of months. On any increase of volume, NXCP has moved up very quickly. As with a few of my longer term penny plays, NXCP is not a short term play. I've been accumulating from .011 to the .03s and back down to .012 recently. This company is another very tightly held stock with a float of approx 41 mil and most of it in strong hands. Now it's time for management to execute and deliver. When that happens, I believe we'll see NXCP over .10 very quickly. This is not a short term hold, so don't get excited if it doesn't trade 100 mil shares in the next day and run 5 bags. Most of those are just pump and dumps. The NXCP CEO is building a company here, and a few friends and I are along for a multi month ride. GLTA
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