RE:Breakout Imminent? 
Bollingers pinched for a big move. MACD about to cross signal. Lots of room to run per the momentum indicators. I think volume ramps the closer we get to ATHs... hoping to see some panic buying set in.
Not many here were expecting price to run so quickly to $2.78 when we were trading in the $1.40s. Even I was surprised by the velocity, as it only took a couple weeks. The next move might surprise even the most bullish among us.
Many of the analysts starting to tout 270-300Mlbs number. I think its rather telling that the maiden estimate came in almost exactly at 200Mlbs. You almost got the sense that they were targeting a very specific number. If I had to guess, I think NXE will target a minimum 300Mlbs in the updated resource estimate, which I anticipate between end of July and early September.
Here I updated my valuation table to account for the $27.8M in working capital (per MD&A) and using a USDCAD exchange rate of 0.79. You'll note some very interesting numbers. At 201.9Mlbs and using a multiple of US$2.50/lb, we get a fully diluted per share valuation of $1.98... a penny off the April low @ $1.97. Using a multiple of US$3.50/lb, we get a fully diluted per share valuation of $2.75... three cents off the April high @ $2.78.
Assuming 300Mlbs in the updated resource estimate and a US$3.50/lbs multiple... we could see C$4.00+ a share in the next few months.
FWIW, my measured target on this breakout is to $3.62.
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:
