AsimMirzaTrader

NXL - Possible Turn Around?

Long
ASX:NXL   NUIX LIMITED
NXL after being hammered down could be possibly turning around because of the recent Bullish Price Action coupled with a break out of the Bearish Trendline with High Volume and Bulllish MACD. I will be targeting the previous Gap Window and the POC of Volume Profile. My Trade plan is given below:

TP1 - $7.30 (Potentil Gain 23%)
TP2 - $9.00 (Potential Gain 52%)
Stoploss - $4.00

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.