Nov. 15 at 12:05 AM
$NXT is currently trading at
$93.75, with an RSI of 46.12 indicating a neutral momentum. The price is slightly above the 30-day moving average (MA30) of
$93.73, suggesting potential support at this level. However, the 50-day moving average (MA50) at
$84.76 indicates a longer-term bullish trend, as the price is significantly above this level.
Given the 60-day high of
$112.74 and low of
$64.30, the current price is closer to the high, reflecting a potential resistance zone. The ATR of 7.58 suggests moderate volatility, allowing for reasonable price swings.
Suggested trade plan:
- Entry:
$93.80 (above MA30)
- Stop:
$86.00 (below MA50)
- Target 1:
$105.00 (near 60D high)
- Target 2:
$110.00 (psychological resistance)
This plan leverages the current price position relative to moving averages and the high-low range, aiming for a bullish continuation.
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