Nexicon Inc. (fka NXCO)

[downsideup]

A weekly chart is pretty interesting. The move over the last three weeks has been made pretty quietly. The shorter range charts look like the move is sustainable, with the share price still sticking to the upper band, for now.

Volume has been pretty light so far... and it is obviously the case that the move we see isn't being driven by the momo crowd rushing in and burying the IHUB board in pump and momo posts...

Looking more like the move being made now will be one you want to track on the weekly charts... making it a bit more likely it may move above $0.04 with solid support... a lack of selling.

I take it as a generally good thing that we are seeing what we are, in the way we are, without a lot of excitement driving the move... which suggests that any news that brings in volume might give us some larger moves. I'll be happy to see it continue the current pattern for a while longer... maybe putting in a solid new base around $0.04 before much else happens. I do think that progress made means it can pretty easily drift up to trade between $0.04 and $0.08 without having any new reason... and otherwise don't see any reason to change my longer term expectations from prior posts made back around May of 08...