Description
⋅ NXT cut quickly down to support, also just past the .786 fib. I expect a retracement back to the .50 fib before consolidating further.
The trade gives a 2.4 to 1 reward to risk ratio.
With more eyes then ever on NXT in recent weeks, a decent amount of buying should occur after that nasty dump.
I got in at $.62 but you can also wait to see if it bounces off the lower trendline near $.50.