$Nextracker (NXT.US)$ pure price action look at this stock. ...
$Nextracker(NXT.US$ pure price action look at this stock. Not much of history, still in price discovery phase, presumably following listing in Feb'23. The 1W shows it peaked momentarily at $62 region, cementing an immediate target. Pivot points at 49.5, 44.0, 36.4
Fair bit consolidation in zone between $36~$40 range; strong support zone. Perhaps in coming weeks will see another consolidation zone between $44~$50
![$Nextracker (NXT.US)$ pure price action look at this stock. Not much of history, still in price discovery phase, presumably following listing in Feb'23. The 1W ...](https://sgsnsimg.moomoo.com/sns_client_feed/101625629/20240420/780eadd20017ae571f34201a56f8b51e.jpg/big?area=104&is_public=true)
This company has a sound business, offshoot from their association with $Flex Ltd(FLEX.US$ , good hands-on management team which all likelihood will see solid growth. A few quarters needed to cement in better numbers which otherwise show a bit pricey valuations.
Capital flow trends from MooMoo shows determined selling pressure for now. I view the recent spike to ATH $62 and subsequent pull-back as indication more work needed to strengthen that upper zone before it can settle there.
Capital flow trends from MooMoo shows determined selling pressure for now. I view the recent spike to ATH $62 and subsequent pull-back as indication more work needed to strengthen that upper zone before it can settle there.
![$Nextracker (NXT.US)$ pure price action look at this stock. Not much of history, still in price discovery phase, presumably following listing in Feb'23. The 1W ...](https://sgsnsimg.moomoo.com/sns_client_feed/101625629/20240420/879d05509162358f545272c15739fa7c.jpg/big?area=104&is_public=true)
![$Nextracker (NXT.US)$ pure price action look at this stock. Not much of history, still in price discovery phase, presumably following listing in Feb'23. The 1W ...](https://sgsnsimg.moomoo.com/sns_client_feed/101625629/20240420/7b6727d352953f42ceb6cb8fd00b48e0.jpg/big?area=104&is_public=true)
I like what I see, long term accumulation for higher targets on back of a growing business. Impressive list of funds parked into this stock, let's await their business update briefing early May'24
![$Nextracker (NXT.US)$ pure price action look at this stock. Not much of history, still in price discovery phase, presumably following listing in Feb'23. The 1W ...](https://sgsnsimg.moomoo.com/sns_client_feed/101625629/20240420/44e64c26749b41812138219725a4ec4d.jpg/big?area=104&is_public=true)
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