Nexgen Energy Ltd T.NXE

Alternate Symbol(s): NXE

Energy

NexGen Energy Ltd. is a Canadian company focused on delivering clean energy fuel for the future. It is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It is focused on optimally developing the Rook I Project. It has a portfolio of highly prospective projects, including its 100% owned Rook I property that is host to the high-grade Arrow Deposit, South Arrow, Harpoon, Bow, and the Cannon area. The Rook I Project is a development-stage uranium project in Canada. The new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin, located in Saskatchewan. Arrow is a 100% land-based, basement-hosted, and high-grade uranium discovery. The Rook I Project, host of the Arrow Deposit, which is a development-stage uranium project in Canada and is 100% owned by NexGen Energy Ltd. The Rook I property hosts the Harpoon Discovery located 4.7 km northeast of the Arrow Deposit.

TSX:NXE - Post by User

Nexgen Energy Ltd

Bullboard Posts

Comment by PamplonaTraderon May 05, 2015 10:43pm

162 Views

Post# 23697898

RE:RE:RE:NexGen Chart

Re-post from 03-29-15

PamplonaTrader wrote: WEEKLY CHART:

^Bullish long-term chart. IMO, price will need to consolidate for at least a couple weeks. Measured target to $0.80+.

DAILY CHART:

^Watch RSI @ 50. My guess is that RSI 50 will coincide with the 50% fib retracement price @ $0.51. The exponential moving averages should continue to offer support for price.

PamplonaTrader wrote:

NXE closed above weekly resistance @ $0.53 on record high volumes. The measured move from the rounded base targets $0.80+. The above said, longer term momentum indicators suggest that price needs to work off short term overbought conditions in order to sustain a rise to the $0.80s. Odds are that price will soon retrace to test support.

Per the daily chart, minimum downside target is to fill the gap @ $0.55. Watch for RSI 50 on the daily chart.

For full disclosure, I sold over half my shares between $0.57-$0.65 and will be buying back in the $0.46-$0.55 range.