The chart is UGLY and says SELL IMO.
Not until we have definite confirmation of a bottom will traders jump on board.
The capital raising was at 22c, and there's every chance we'll head towards that level on no news or news that doesn't meet market expectations. If support at 30c is broken it could get really ugly.
NXS is also out of the ASX200 now which means a lot of people won't touch it.
Worth watching but wouldn't be buying at this point.
at the bottom of the long term trading range, page-10
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 (20min delay)
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Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $68.54M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.5¢ | 21.5¢ | $46.14K | 206.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 130676 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 19533 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NXS (ASX) Chart |