$Nextracker (NXT.US)$ 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
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.
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
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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