NEXTDC Limited (NXT.ASX)

8 February 2018

Technical Summary: The long term trend for NXT is up. The stock appears when in trend to move up consistently with little volatility. However the investor or traders have to be skillful to buy the stock as it does appear to exhibit volatility within its basing periods. Despite this a keen chart eye will notice periods of accumulation within these bases (highlighted). More recently the stock appears be hitting another basing period after a good run which the stock became overextended. We would like this volatility to dampen before providing a pivot point and a buying opportunity.

Lovely trend from NXT. Signs of institutional accumulation. Choppy bases however.

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