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, 2016 9:15am

173 Views

Post# 24843682

RE:Breakout Imminent?

PamplonaTrader wrote:
Charts look ready to go again.

$NXE is holding the 50% fib retracement level here and momentum indicators are signaling a turn is imminent. Price also closed above the 10 day exponential moving avg today ($2.24 ema vs $2.25 close).

Measured target calculated:

$2.78 - $1.42 = $1.36

$2.26 + $1.36 = $3.62

My last call, nailed the measured target @ $2.78:

https://ceo.ca/nxe?e1890da16541

May tends to be a good month for U equities: