RE:Support levelsMy gut tells me that we'll be getting only super duper happy euphoric news from now on. No contracts of course, but there is a reason we see the price pop like this. Do not forget the low volumes we've been seeing for a looooong time.
I agree with UoR - I don't think we'll see low .60 anytime soon unless they dilute again or something really bad happens. With regards to finding support, it will take a while, how can you find support when you go up 100% in 3 days time?
PS: UtR, check PM.
UnderTheRadar wrote: So after a phenomenal 100% s/p rally, it looks like Nexe is hung up around $1.04-1.12.
Volume is just over 1.4 million. Nice!
Keep in mind, the RSI factor is moving well into overbought for the near term trade
(this is only an important factor when it comes to typical volatility levels) people who
are interested in very long term factors don't really need to pay attention if they just want
to hold out over many months or years as company moves into profit territory.
At 80.51/RSI, there's still room for more gain as long as buying momentum is strong enough.
Eventually, the stock will take a breather and could also come down significantly, so either way,
no harm in securing profits and waiting to buy back....I'm most interested to see where the support level is, for now. I continue to maintain core positions otherwise.
I think only bad news would send it back to the lows of the last weeks.