I saw NXT do this a few years ago - it was instos.
They shorted to a massive level when the price got up and forced it down and then soaked in their price range. They continued to short when buying pressure was high to hold it in place - you'll notice they let it rise a little, then push in the shorts at the higher price, then soak again when it drops. This means they are continuously covering their shorts - they just don't clear them until they have slated their thirst.
It has been playing this way for months - I noticed the set-up n April last year and flagged it here … it took a little longer than I thought to come in.
The half yearly is due this week - that normally terminates this sort of activity - they are already closing heaps in preparation for it.
NXT Price at posting:
$7.20 Sentiment: Buy Disclosure: Held
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