NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

TARGET 1.51 - 1.59

[bohikam]

(RCG) NYX Gaming Group Ltd forms bullish "Diamond Bottom" chart

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NYX Gaming Group Ltd forms bullish "Diamond Bottom" chart
2017-06-16 22:58:40.276 GMT

pattern

Recognia has detected a "Diamond Bottom" chart pattern formed on NYX Gaming
Group Ltd (NYX on TSXV). This bullish signal indicates that the price may rise
from the close of 1.19 to the range of 1.51 - 1.59. The pattern formed over
137 days which is roughly the period of time in which the target price range
may be achieved.
NYX Gaming Group Ltd has a current support price of 1.08 and a resistance
level of 1.20.

A Diamond Bottom is considered a bullish signal, indicating a possible
reversal of the current downtrend to a new uptrend. Prices create higher highs
and lower lows in a broadening pattern, then the trading range gradually
narrows after the highs peak and the lows start trending upward. The technical
event occurs when prices break upward out of the diamond formation, which
confirms the pattern.

This bullish pattern can be seen on the following chart and was detected by
Recognia's proprietary pattern recognition technology.

Click here for chart with pattern

Recognia Alert Wire content is generated at market close by Recognia Inc.
(www.recognia.com). Recognia has developed proprietary technology for chart
pattern recognition and automated interpretation based on the standards of
technical analysis. Recognia investment research products scan all financial
instruments across covered exchanges and generate news alerts for those that
have formed one of more than 25 patterns.

The information contained herein is provided as is and Recognia does not
warrant the accuracy or the use of the information for any purpose. Recognia
reserves the right to change the information and/or the method of its
presentation or analysis at any time. This information may not be construed as
investment advice or trading recommendations.

For further technical analysis of this financial instrument -- including
interpretation of patterns and indicators -- launch Recognia Technical Events
RCOG.

-0- Jun/16/2017 22:58 GMT