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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

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

Bullboard Posts
Comment by PamplonaTraderon Oct 22, 2015 12:51pm
179 Views
Post# 24216914

RE:Pamplona -- what do you make of today's candlestick

RE:Pamplona -- what do you make of today's candlestickGuy,

Ideally, we want to finish at $0.75 or better to clear the $0.72-$0.75 pivot.

Black candlesticks are a fairly reliable turn signals, though better as a top signal than a bottom signal.  Price has been flagging for the last couple weeks so the turn would be higher.  

There are also other promising technical developments... price came close to testing the 200dma before pushing higher and above the 50dma.  Price is currently testing support of the 50dma and looks poised to continue rising higher given the bullish cross over of short term momentum (20dma over 50dma).  RSI appears to be holding and bouncing off 50 and MACD is holding at the signal, indicating that this bullish momentum wants to hold.
Bullboard Posts