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 Aug 17, 2015 6:06pm

229 Views

Post# 24025903

RE:RE:Chart Update

Breakout appears to be in progress. Bullish trend should resume this week.

Weekly Chart:

User image

Daily Chart:

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PamplonaTrader wrote: Third times a charm

PamplonaTrader wrote: Weekly Chart

^Bullish set up in weekly chart. Very likely chart resolves to the upside within the next week or two. Note the parabolic slope since the breakout from weekly resistance at $0.53. Weekly chart suggests a measured move to $1.08. That said, the third wave in a bullish trend tends to be the most pronounced both in terms of price and duration. I give good odds that price overshoots the measured target to the upside.

Daily Chart

^Close above $0.75 would confirm the breakout from the falling wedge. Breakout from falling wedge pattern is validated by RSI and Stochastic, MACD is the only momentum indicator that has yet to confirm. A close above $0.75 should send prices to test all time highs at $0.89. IMO, it is highly likely that price will advance past ATH given the bullish set up in momentum indicators. Daily chart also suggests a measured move to $1.08.