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Khrysstopha
Dec 25, 2018 9:34 AM

Potential breakout for NXT 

NEXTDC LIMITEDASX

Description

NXT appears to be testing ~$6.80, if it retests and breaks through, this level may convert to a support to promote an upward trend towards the next resistance ~$7.50. This is based on the oscillated motion from ~10th of September to 24th of December. The bullish candle on the 24th of December is not extremely strong as it has a large top wick, so it may be a false sign in which case a breakout of the ~$5.68 support may be possible, leading to a downtrend.

**This is not financial advice, and is only my opinion. Trade at your own risk.**
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