$NXS - Nexus Daily Chart
Nexus has had a good overall run on the long term so I am looking for an entry point. It seems though I may have missed my opportunity as over the last week we have seen some nice gains overall. Right now though we are breached above the top Bollinger Band and the BB% shows we are overbought. This means we will see some correction happening, though this is good. Depending on where we correct too I may consider an entry. The AC oscillator is still green showing the trend is still strong and as long as we close above 28549 today that becomes a new line of support, so I hope for a correction this point and wait for a verified bounce. If this new support doesn't hold, we can see correction as far down as the 20 period moving average. As long as we see support there, this is still a viable trade to look for entry.
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