Relentlessly HammeredIt seems we have moved down toward the "capitulation selling" portion of the Wall Street Cheat Sheet, and chart that is available online in pdf form, and that sometimes applies to start-ups with bright concepts. It is what I often use to forecast price action, but not the only thing. If NXO stays true to the chart, there will be a very slow sawtooth sideways to slightly upwards move over the next several months, with a possile dip into tax loss selling. Unless, of course, the words gets out and the company starts to market aggressively. Which is difficult when you don't have a product to sell. Consumers have short memories, as well all know.
So hold on if you wish, and expect perhaps lower prices. My charts paint an absolute bottom in the 48 cent area. I may be wrong on that one. But it is what I believe, and I've put in a substantial buy order at that price.
Be well, and help get the word out!!!