NXM nexus minerals limited
Add to My Watchlist 3.51% ! 5.5¢

Bit rusty on the charts but NXM looks like it has a nice 5 wave...

  1. AUchemist
    462 Posts.
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    25/11/20
    20:08
    Post #: 49145609
    Bit rusty on the charts but NXM looks like it has a nice 5 wave structure with retracement now hitting the 0.5 fib retracement. Nice confluence with the 55 EMA and historic support at 0.120. These three key indicators suggest we should find support between the 0.120-0.125 range. Can't show RSI on the same chart because I don't have a TV pro plan anymore but it is now hitting 40 RSI which it has held above for the last year and a bit. MACD looks terrible but it is a lagging indicator so obviously won't see any uptick until we have a bounce.

    Who likes catching knives?

    https://hotcopper.com.au/data/attachments/2682/2682905-a061c7f47d93b0070c5121dc7c45909f.jpg


    https://hotcopper.com.au/data/attachments/2682/2682913-59aef946f4360ff32b95e33703c61517.jpg
    NXM Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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Last
5.5¢ 		Change
-0.002(3.51%) 		Mkt cap ! $33.20M
Open High Low Value Volume
5.6¢ 5.6¢ 5.5¢ $21.73K 390.3K

Buyers (Bids)

No. Vol. Price($)
4 233414 5.5¢
 

Sellers (Offers)

Price($) Vol. No.
5.7¢ 8699 3
View Market Depth
Last trade - 11.20am 31/07/2025 (20 minute delay) ?
NXM (ASX) Chart
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