NXHZ Daily Chart ~ The Short Pullback on Tuesday,

NXHZ Daily Chart ~ The Short Pullback on Tuesday, After Hitting New Highs, Saw a Reversal Yesterday

Tuesday's profit taking and pullback reversed yesterday morning when two friends of mine purchased almost every share from .023 to .025. Good accumulation continued throughout the day to close the stock near it's high of the day. All the technical indicators say a lot more is coming. Many are anticipating major news next week in the way of a huge uranium acquisition. NXHZ, coming out of bankruptcy just a few months ago, appears to be doing everything right, at least in viewing the chart and money flow coming into the stock. With a float in the low 40 millions, any material news should send the stock near the .11 level. My target of .11 is based on the Weekly Chart which I'll post in a few minutes. At that point, we'll have to see what type of fundamental news might offer the potential of higher prices. Strictly on technicals, a break above .11 will bring into play a possible move to the .20s. But let's get to .11 first. My own strategy is to continue buying the dips as the occur. Two weeks ago, we saw a great opportunity for cheapies as someone decided to throw a few 100k shares out the window and knocking the share price into the sub pennies. That resulted in a rebound from .0056 to .04 in just eight trading days. Sweet! All the indicators are projecting much higher prices ahead. Trade smart and hopefully we'll see dimes on NXHZ over the next few weeks and months. GLTA