I've never liked buying at an all time high...I seem to have a mental block about it.This is where NXT is at. Support/stop loss at 882, good luck, and don't forget to have in place a daily rising stop loss as 882 is the only reference for support you will have.
Indicators are ( top to botton) Velocity, CCI, TCI and Stochastics.And IGNORE the date!
I agree with ChartMan, I have never liked buying at the all time high
Next broke above the upside resistance level of 817.00, 34 days ago, which should now lend downside support. I think we have a flag in a down market; this is a controlled period of profit taken, or loss consolidation. As ChartMan said use your stops, and watch for downside breakout.
Nice early breakout from a bottom.....maybe.Looks encoraging, but the confirmation will be on a breakout above resistance at 360, by which time you will have clocked a nice 20% !Downside is 30p, upside 60p so 2:1 reward risk, but not my cup of tea. You may find support at 305....Could be a lot in it at the end of the day, having been in a major down trend since Feb 2000 and £23 price tag. Fibonacci retracements from Sept 2000 high are 23%, 572; 38% 765; 50% 921
Sorry about the wrong epic...dickslexick...or is that chartslexic
Next stop 572.....
No, it wasn't the fed news.... Rose very quickly on open from 345 to 400 then skipped up to 420 by 10 o'clock and there it stayed for the day.Even the 1 million sell did nothing to the price..MM's anticipating tomorrow's demand....