Nexus appears to be testing supply at yesterday’s VWAP. I suspect some impatient traders getting out after yesterday’s stellar rise and moving on to some other high volume traded stock.
The big question that has to be asked here is will NST act sooner rather than later? One thing is for certain they won’t be able to takeover Nexus at the current price of 22 cents and I don’t think it will be long before we are trading past yesterday’s high of 25.25 cents.
For what’s it’s worth I think NST will want to act sooner rather than later because even with their deep pockets they will not want to pay more than they have to.
NXM are onto something big here and the market is only just beginning to wake up.
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