NEXTDC (NXT)
The down trend from the July 2013 high has retraced close to its all-time low of $1.35, where support appears rock solid and is likely to hold once again. The long term down trend line was broken recently, showing that the bulls are building momentum. A break above key resistance of $1.90 is highly likely and will confirm that a new up trend has started. The potential medium term upside price target based on the breakout is $2.36, however over the long term higher price levels are achievable.
CompanyName
Double Blessed Buy
Target Price
$2.36
Current Price
$1.81
Support
$1.68, $1.59, $1.44
Resistance
$1.90, $2.04, $2.34
NXT Price at posting:
$1.84 Sentiment: Buy Disclosure: Held
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