ISR is currently using the 1000 SMA for support while forming a falling wedge pattern, which SHOULD indicate a reversal coming. Current falling wedge is using support from a previous resistance dating back to 2014. Could this be a potential massive turnaround?
After a breakout day Monday, $NXTD dropped back down to test support. You can see after hours has moved the stock back up in the positive direction. Looking at the remainder of the pattern, I have support at about .74, and resistance at about .90. SMA 200 at 1.013 and the 100 SMA less than .01 above that. This stock is about to take off!
You can see on the 1hr chart that NXTD is using the 200 SMA as support, forming a small wedge inside a much larger wedge. If this is the case, by 7/1, we will see a breakout of the pattern. Small wedge breakout expected tomorrow, larger pattern breakout by 7/1!!