Nexium Is Massively Undervalued
Updated
Nexium is clearly trending upwards while making higher highs and higher lows on a Daily timeframe. It continues to reject the uptrend trendline and currently is trading at $0.21, above the 200 Moving Average.
While the uptrend remains valid and Nexium is above the $0.13 support, buying opportunity remains, with a huge growth potential. The first real strong resistance that NXC/USD must overcome is at 61.8% Fibonacci retracement that is around $0.33 area. Break above should result in an exponential growth and could reach $1.35 within a relatively short period of time. Only a break and close below the $0.13 could invalidate bullish outlook.
While the uptrend remains valid and Nexium is above the $0.13 support, buying opportunity remains, with a huge growth potential. The first real strong resistance that NXC/USD must overcome is at 61.8% Fibonacci retracement that is around $0.33 area. Break above should result in an exponential growth and could reach $1.35 within a relatively short period of time. Only a break and close below the $0.13 could invalidate bullish outlook.
Note
Nexium is looking good, but could take some time before it shoots upNote
Hope you don't miss that train....Note
Huge growth potential as it breaking above the resistanceNote
Current price $0.3.. is it cheaper than dirt? Soon we'll find out :)Note
Nexium support 0.2 if broken can consolidate, but for now holding, watch this levelNote
Expecting continuation of the uptrend, its looking goodNote
Second resistance broken, Nexium continues to growTrade closed: target reached
Closing NEXIUM at the second target, needs to break higher to continue growth
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