NXS 2.27% 21.5¢ next science limited

4:1 buyers vs sellers

  1. 634 Posts.
    hi folks,

    buy/sell ratio heavily favoring the buying now, which is obvious given the perfomrance of the last 24 hours.

    what i find interesting is that there isnt any signoficant sell resistance between 38.5 and say the next 3 or 4 cents.

    it is likely that we will churn through another 2.5 million today and it is possible that the close can be in the low 40s.

    Day traders may choose to jump on now and get out tomorrow while the sentiment is up. this will puch the price up obviously. But then ROC or others may choose to sell down for a greater return. So there may be a balancing effect.

    either way, the trend is looking upwards. I'm in for another parcel.

    cheers all and most importantly DYOR

    with love.

    DC
 
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