NXTD - low risk / reward - RSI moving higher; higher lows
Updated
NXTD had a major pullback to buyzone area; RSI turned up and MACD still needs to get back to positive level. Volume is light but accumulation is happening at this level.
I like it because it had a golden cross over last week. This might retest 2.80 level within a few week. Just depends on mkt condition.
Trade Idea Option 1:
Swing Idea: buy at 10/25 HOD or by the 8ema - Set SL at 1.60 or 5c loss depends on where you have entered
Scale out at 200ma or move your SL
Daytrade:- wait for volume (possibly at 200ma) or wait for break over 2.80 for more upside..
I like it because it had a golden cross over last week. This might retest 2.80 level within a few week. Just depends on mkt condition.
Trade Idea Option 1:
Swing Idea: buy at 10/25 HOD or by the 8ema - Set SL at 1.60 or 5c loss depends on where you have entered
Scale out at 200ma or move your SL
Daytrade:- wait for volume (possibly at 200ma) or wait for break over 2.80 for more upside..
Note
NXTD had some momentum and hit the resistance level at 1.94 ; I scaled out some but am holding the rest for earnings. SL at 1.65 at break even
Note
NOV 13 - Earnings.. I still am holding some and will add if it breaks over 1.96 with volume only..Same strategy.. buy below 1.70 (SL 5c)
Short FLoat: 9.14%
Possible short squeeze..
Order cancelled
Cancel idea. Offering news.
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