11c ST target

We have just witnessed a highly significant week for NXR punters

Technically she has broken right out above 2 month resistance and closed above the 6.2c 38.2% fib which was tested and firmly rejected yesterday before the green close.

But more importantly than this.

UBS, Citi and Argonaut are all net buying.

This explains the accumulation games witnessed in the depth yesterday.

I ma very confident that 11c + is on the cards ST, possibly in the next week or 2. This is simply the 6.5c measured move from the sloping resistance break at 4.5c.

With a miniscule MC and in the right sector and big broker net buying

NXR ticks all the boxes for an imminent and explosive ST re-rate

tempus fugit

Always dyor, use smart money management and stops