A Multibagger comparisson, page-2

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vontrader

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25/05/15

21:27

Post #: 15348349
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Originally posted by marty386 ↑

If you have a look at at the daily chart for NXR over the past 12 months we see some striking similarities to CKK.

Firstly before the major break in NXR there was a long period of flat price movement, same as CKK.
Both NXR and CKK had tests of highs (NXR - 3.3c, CKK -1.2c) which failed, then finally the high was tested with volume and brokeout, just like CKK is doing currently, tomorrow will confirm the break.

The red arrows show what I believe to be equivalent points in the chart.

View attachment 67518

To add more fuel to the fire the CKK chart is also exhibiting a flag/pennant formation, my favourite....

View attachment 67528

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Nice TA Marty

At 1.7c even with latest shares to be issued, it would still be capped at under $30M

That is just 4% of the value of our smallest US competitor

A concrete JV is the major catalyst obviously, but I'm not ruling out the Houston conference generating interest

CKK Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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A Multibagger comparisson, page-2

Top Stories

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

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