NEXCF: Downtrend breakout Initial PT $8NEXCF has just broken its long downtrend line which is usually due to some fundamental change in the company and trajectory of cash flow. The company has rebranded more into an AR 3D marketing company. They still have their digital edtech app and online conferencing but the reposition was a wise one considering the pandemic is coming to an end and many employees will be returning to work. If you noticed this past week the largest losers in the Nasdaq were pandemic plays such as Zoom (ZM) and Moderna (MRNA).
The business pivot will play a crucial role into the burgeoning AR space which is becoming a greater theme in 2022.
Fib extension target in the $12 range but no promises we get there - first target will be $8.
NTAR trade ideas
Near the supportNextech AR continues to position itself as the premier virtual experience platform (VXP) provider in 2021 and beyond.
The global virtual events market is expected to reach more than $400B by 2027, growing at a 23% CAGR.
In my opinion, there was half a year sideways consolidation and the next price action will lead the price to new highs. Around 3.6 to 2.6 there should be a support zone.
We will see but I like this innovation and this IPO, so maybe this stock could be the next-gen story.
This forecast was created to support you, but you have to make your trading decisions independently! As nobody sees the future, I recommend you that always apply risk management during your trading!
One my favorite stocks of the future ON MAJOR SALE!Nextech AR Solutions is helping pave the way we will be dealing with virtual meetings and shopping in the future. They had a nice run up before Covid and have since slowly declined about 50% which in my eyes means we are looking at a great buying opportunity moving forward, especially now that their services will have a much higher demand moving forward as the world goes in more of the shopping and working from home.
Someone else on Trading View already mentioned that NEXCF is already partnered with Microsoft AND has TONS of cash on hand.
With that being said, just this week Nextech released this statement:
Evan Gappelberg, CEO of Nextech comments, “With these larger contracts renewing and our new focus on annual or multi-year enterprise sales, we are on the path to our stated goal of $50-60million in revenue for 2021. Having a diversified portfolio of product offerings in AR, virtual experience platforms, AR eCommerce, and 3D advertising, positions our business to benefit from the rapidly rising global demand for the technology that we are selling.” He continues, “2021 has started off very strong for us and I expect we will be landing our first multi-year seven figure deals soon.”
Lastly, they just recorded Q4 2020 Total Bookings of $7.3 million, +275% growth over the same period last year.
What are your guys thoughts?
i love this company I never see anyone talk about Net Tech AR and don't know why. this is the only OTC stock I own and will buy. they are partnered with Microsoft (MSFT). beat their 2019 revenue by 6 million. have record cash on hand. have an 18 year SAP executive as the COO. and are the leaders in augmented reality. I see the having a fantastic 2021 as I see more and more about this company. good luck happy trading
$Ntar$Ntr is looked prime and ready to go!
- Sell volume is diminishing.
- Rsi, Stochastic and MacD all look ready to make a move to the upside.
- Playing with fractals i noticed a similar pattern before the major pump.
- If symmetrical triangle plays out and breaks up we are looking for a 135% run.
Potentially....
Lets see if this plays out.
$NEXCF in Continued Constructive Posture in Hi-Mo TrendNEXCF has been a big winner over recent months, but there's nothing in this action to cause undue concern at this point. Continued constructive posture.
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Nextech Ar Solutions Corp (OTCMKTS:NEXCF)
Nextech bills itself as a company that engages in the acquisition and development of augmented reality (AR) technology. The stock has been hot and could get much hotter as its technology solution takes flight.
The company offers ARitize eCommerce, the browser-based and Web enabled AR shopping platform; ARitize Retail Showroom that provides choice, convenience, ratings, and reviews with the benefits of being in-store; ARitize App that allows to sell, learn, communicate, and share product, service, or experience through AR; and ARitize University, an AR learning system.
It also provides ARitize Studios, which enables customers to beam in to 3D volumetric space as a hologram, and create an interactive yet intimate connection with audiences from all over the world; and Hoot 3D eCommerce solution that shows 3D and 360 degree product photography.
NexTech AR Solutions Corp trade setupNexTech AR Solutions Corp. develops and operates augmented reality advertising platform. The company products and services include ARitize Ecomm Solution, ARitize Retail Showroom, ARitize App, ARitize University, and ARitize Live Casting. NexTech was founded on January 12, 2018 and is headquartered in Vancouver, Canada.