NLST most recent candle made a double bottom with the most recent low of $4.28 from 7/7. After testing $4.28 the candle managed to close above the .23 fibonacci level at $5.16
With an RSI under 38 and the current price well bellow the POC (6/1-present) I think we will see a reversal.
$4.28 is a critical level in my opinion. If it cannot hold I think NLST will test the 200MA.
Targeting a return to the prior highs in the $10s in the short to mid term.
With an RSI under 38 and the current price well bellow the POC (6/1-present) I think we will see a reversal.
$4.28 is a critical level in my opinion. If it cannot hold I think NLST will test the 200MA.
Targeting a return to the prior highs in the $10s in the short to mid term.
