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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

NexGen Energy Ltd. is a Canada-based company focused on delivering clean energy fuel for the future. The Company is an exploration and development stage Company, which is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It has a portfolio of highly prospective projects, including the Company's 100% owned Rook I property that is host to the Harpoon, Bow, South Arrow, Arrow Deposit, and the Cannon area. The Rook I property is a development-stage uranium project in Canada, which is located in the uranium rich district of the southwestern area of the Athabasca Basin, located in the premier mining jurisdiction of Saskatchewan. The Rook I project hosts the Harpoon Discovery located approximately 4.7 kilometers (km) northeast of the Arrow Deposit. The Bow Discovery is located approximately 3.7 km northeast along the Patterson Lake Conductor corridor. The South Arrow Discovery is located 400 meters (m) South of the Arrow Deposit.


TSX:NXE - Post by User

Bullboard Posts
Comment by Trips333on Jun 18, 2017 3:14pm
147 Views
Post# 26375712

RE:RE:Technicals

RE:RE:TechnicalsHey Malcolm, technicals is just a probabilities game. Meaning it follows the behaviour of people trading in the market and it identifies consistent patterns. These patterns that are identified are not guarantees to occur, but instead provide a greater "probability" that they will occur than not. I am not a trader either, but I don't have a full position in NXE yet and what I am saying is if there are people out there waiting to fill their full position, that looking at the technicals, there may be a better buying opportunity in the days or maybe weeks ahead. It helps when entering into a position. Technical analysis is extremely popular these days because it works more often than not, IF you know what your doing. Most people don't and think they are trading on technical analysis when in fact they are trading on mental or behavioural analysis and it is causing them to act when they shouldn't. What do most of the computer algothisms trade on on a daily basis in the markets? They trade on technicals and make billions because they can do countless trades, and make money on the probabilities game  and their strategy, and are not affected buy greed, fear and auphoria. Anyways, the fundamentals look very good with this one. I enjoy your posts as you seem to be one of the more mature people on here and have lot's of knowledge.
Bullboard Posts