NGS tech setup

Worth a look with the company seemingly starting to turn the corner with operations. With an EV sitting at the $1mil mark, price action can move aggressively from such a low base.

Short term - daily setup
Price action moving above the 43d MA, first time since August 2022 (which failed to hold). MACD moving through the all important 0 control line, which usually sees a strong move take hold - def a positive. RSI after spending sometime testing oversold levels looks clear to be breaking out at present. 1.5c & 1.9c being the short term areas of interest.


Medium term - weekly setup
Nice rounding pattern trying to form with 1.5c being the neckline. MACD in positive mode as it continues its ascent back to the important 0 control line. RSI showing how deeply oversold the price action is for a sustained period of time. Plenty of room to run under the right conditions.