N / NXTTF
I have added N to my Watchlist because its also producing a descending triangle and has held long-term support and is trading close to its key support level. We are starting to see the price action curl on the daily chart accompanied by the Bollinger Bands squeezing. MACD, Bollinger Bands, and Williams %R all starting to curl up and will be watching for an increase in volume. Looking at the weekly chart its making a bounce off the 21sma which has acted as support previously. A break of $2 will confirm its breakout.
Taking a look at level 2 we are seeing good support in the $1.66-$1.76 range, something iʼm watching for here is increased bid support come in and buying off the ask.
