Cup and Handle, page-5

Both great posts gamefisherman & FullMoonFever. My thoughts on how this will play out in the med term:

We are seeing the retracement to the support in the mid 8's, being played out very professionally soon to be followed by some clever bugger buying a bunch of cheap shares, probably about 1 million shares under 9.2c.
==> that will send the SP to the 10 - 11 c range
==> we will enter a holding pattern btw 9.7 c & 11c while the market waits for news
==> news will send the SP into a new period of volatility while the traders cash in, new support will be found
==> NXR mgmt (hopefully) release positive news gradually and regularly sending the SP into a re-rate and new upward trend

Most importantly I think this is the last we'll see sub 9c.

This is just my way of putting some logic to TA predictions. I like logic in shares, hence I like NXR. All the above is only my predictions of course - lets see how it plays out!

Good luck all holders! It's been a great stock so far, lets hope it continues.