Chart - NXR, page-8

Hi Dr.Seuss, Thank you for taking the time to share your read on the NXR chart, really appreciate it. Ps Love to know what that special Nostro indicator is.....Similar to a Commodity Channel perhaps?

For holders of NXR and or potential holders, I have attached my charts and feedback on the back Dr.Seuss's. Please note both a daily and 30min time period chart have been shown. The reason for this is to check that both time-frames are in harmony.

Below is what I read at present.

As pointed out, NXR is in a channel. Of note, the Channel is Upward Bound, and has been since those clever investors starting accumulating, when the NXR share price was in the 2-3c mark. Both the Upward channels confirm each-other in the time-frames shown, which is positive. The charts clearly show by the volumes of stock being moved around that it is being played with by the Pro's...Good and Bad....Bad because it will be bought and sold and traded at will , however only to a point that they have the financial ability to do so. However, as NXR is getting closer and closer to final product development etc, the ability of these Traders to move the SP will be gone. This will be due to the Company being re-rated by the market, and therefore shares will be subject to substantial accumulation resulting in Significant Upside movement. (Note: This is assuming that product roll-out occurs and from all signs that I can presently see, there is nothing at this point to contra-indicate other)

There could be a double top reversal in play as shown in the daily chart which means profit taking for a few days. Conversely, the stock could be setting up for a break of the upward channel. Both scenarios are possibilities. HOWEVER, what is clear and what MATTERS MOST, is that the movement of NXR is to the UPSIDE and has been for a sustained period (Within that channel is simply the noise of the share price moving up and down from buying and selling as it hits different levels of support and resistance). Whether or not the last 2 bars contained mostly selling will play out on Monday and Tuesday (tomorrow/next few days). This really only affects those whom are trading the stock short term (day traders and or swing traders). OF NOTE: For all of those whom are LONG NXR, in other words, those whom actually see the Fundamental Un%$%believable Opportunity then it is something not be concerned about. NXR will either find a support level shortly, or break to the upside imo.

Please note that these are just my own thoughts and views and are not a recommendation to buy or sell any particular stock.

Cheers
GF

Daily chart below




30Minute Chart below