time to buy again?9 Feb 2014 16:08
with NXR suffering a sell off with the market correction is it time to buy back in and/or top up.
NXR has fallen from its recent circa 25p high and found support at circa 21p.
The RSI is over sold and the MACD is looking to cross back over.
The price has fallen past the 50dma and is now on the bottom of the bollinger band.
The 200dma is at about 20p so technically it could drop back to that but I would be surprised if it went further as I feel there will be a bounce up off it if it where to get there.
NXR release an IMS on thursday and baring any more market sell off now might be a very good time to buy back in for the ride up to re test the recent 25p high.
A MACD cross over would be a very bullish sign but another up day on monday may just be enough to entice me back in.
Mr Bluesky