NIXX Potential $2's Near-Term; Changing Value-Perception Among Market Players
**I’ve seen several posts about $NIXX** through the lens of sector potential but after the big news and great movement we’ve seen today I wanted to look at the charts to see if there’s any indicators of what’s next. Is it a “put aside and let it cool off” or a “likely more to go.” Ultimately **I think there’s a solid tactical swing here.**
So to background a little, the **extremely abbreviated** background here is $NIXX went from obscure, cash-strapped telecom microcap to speculative AI-power infrastructure proxy. Even without data center hype, it’s potentially a legitimate Cinderella story. Today’s headline for further details:
[https://www.stocktitan.net/news/NIXX/tachyon9-secures-offtake-agreement-supporting-156-million-annual-09ct7qfj9x1w.html](https://www.stocktitan.net/news/NIXX/tachyon9-secures-offtake-agreement-supporting-156-million-annual-09ct7qfj9x1w.html)
**So we have a corresponding regime change on the daily chart.** At the time I pulled the data for this, about 29.5 million shares had been traded, essentially the entire float. Price blew through the 200 day EMA and the 9, 20 and 50 are turning upward beneath the price. The $1.10-$1.20 ceiling is history and MACD is expanding. It’s a makeover to match the one the company itself is getting. **These benchmarks are extremely significant** for a stock that hasn’t made a convincing higher-timeframe breakout in a very long time.
When you compare today’s movement to the June 15 catalyst spike you see that **the market has already started to adjust their value perception of this company.** The June 15 move largely collapsed immediately. Today hit $1.62, pulled back, and recovered over $1.40 after hours. It has remained above the intraday VWAP as well as the 9 and the 20 on the one-hour chart. **Buyers are holding** well above the pre-news areas. The price action is showing a response that’s materially better than just days ago.
The one, five, and fifteen minute charts show **substantial acceptance around $1.45.** All considered, I think this sequence gives every impression that this is setting up to push further.
Counterintuitively, I’d actually like to see two or three boring sessions following today with price ranging between roughly $1.37 to $1.52. I think after today’s enormous inventory turnover it needs to hold a quiet shelf and let the MA’s catch up and RSI cool off a little. Following that I could see a sequence of days similar today.
I’m looking for entry and I plan to hold some. I’m confident in continuation, but given how quickly the company’s transformation is happening, I do see it as a tactical swing. Not a buy and hold and check once per week. It’s still one to follow closely IMO.
Is anyone else looking at $NIXX for a potential swing?