NXHZ Daily Chart ~ A Reversal of More Than 100% Fr
Post# of 2559
Posted On: 08/18/2013 10:22:02 AM
NXHZ Daily Chart ~ A Reversal of More Than 100% From Wednesday's Low
NXHZ is a thinly traded stock, and the movements in both directions are amplified because of the low float of 40.7 million shares. A few of us are still accumulating more NXHZ, especially on the large swings to the downside. With trading volume ranging in the low 100,000s per day, building a large position has taken a while. As more and more shares are purchased by long term holders, it makes for more volatility as time goes on. The latest rumors have it that management is waiting for a name and cusip change from FINRA before shareholders begin receiving news of an uranium acquisition. During last week's trading, we saw the stock drop to the same levels which held in mid July. The low of .014 on Wednesday proved to be a nice entry as the stock bounced off the lower bollie band. Although most of the indicators aren't set for a buy signal, there are signs of an imminent move up. NXHZ isn't a chart play, though, but I use it for calculated entries as the stock pulls back occasionally. For friends and me, this stock is an accumulation play for the fundamentals that I hope we'll see shortly. Should things play out as hoped for, I think NXHZ could see .11 quickly. As I've mentioned in previous posts, please refer to the NXHZ Weekly Chart for my opinions of why the next stop will be .11 after breaking out over .04. Longer term will depend upon fundamental news from the company, but I'm hearing some nice potential moves based on the DOE $100,000,000+ valuations of the uranium claims that NXHZ is acquiring. Keep your eyes on the short term declining tops line which is currently at .0325. Overall, the stock is in an uptrending channel with a short term top of .04. A close of .041 or more, with strong volume, will confirm that the next up leg is underway. GLTA
NXHZ is a thinly traded stock, and the movements in both directions are amplified because of the low float of 40.7 million shares. A few of us are still accumulating more NXHZ, especially on the large swings to the downside. With trading volume ranging in the low 100,000s per day, building a large position has taken a while. As more and more shares are purchased by long term holders, it makes for more volatility as time goes on. The latest rumors have it that management is waiting for a name and cusip change from FINRA before shareholders begin receiving news of an uranium acquisition. During last week's trading, we saw the stock drop to the same levels which held in mid July. The low of .014 on Wednesday proved to be a nice entry as the stock bounced off the lower bollie band. Although most of the indicators aren't set for a buy signal, there are signs of an imminent move up. NXHZ isn't a chart play, though, but I use it for calculated entries as the stock pulls back occasionally. For friends and me, this stock is an accumulation play for the fundamentals that I hope we'll see shortly. Should things play out as hoped for, I think NXHZ could see .11 quickly. As I've mentioned in previous posts, please refer to the NXHZ Weekly Chart for my opinions of why the next stop will be .11 after breaking out over .04. Longer term will depend upon fundamental news from the company, but I'm hearing some nice potential moves based on the DOE $100,000,000+ valuations of the uranium claims that NXHZ is acquiring. Keep your eyes on the short term declining tops line which is currently at .0325. Overall, the stock is in an uptrending channel with a short term top of .04. A close of .041 or more, with strong volume, will confirm that the next up leg is underway. GLTA
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