Summary:
Looks like NXC has been in correction for along time and this might be a trend reversal. Elliott waves supports this arguments and we have seen the price bounce of 1836 level with a nice double bottom.
Pattern Analysis:
Price has been showing strong bounce from the double bottom pattern from 1836ish level and has bounced all the way to 2.618 fib. Volume and MACD are in sync with this bounce. We might see a entrancement back a little to make new high highs.
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Disclaimer:
I am not a financial advisor, nor the information posted in this article is a financial advice. The information in this article is my personal opinion and is not recommended to make any investment transactions based on it. I do not take any responsibility for the investments made based on my analysis.
