Simple TA by Wizetradr

[Wizetradr]

NXXI...Right now the daily chart looks pretty good, but I would like to see another day or two close above the 20dma, the main reason I am saying that is because the underlying trend is still a bit weak. The underlying trend is the weekly chart. Next week is really critical when it comes to defining a true trend. I would really like to see the weekly close above the 5 week moving average next Friday. If that does happen than you can be pretty sure that it will be a good trade for a while, but untill that is confirmed, unless you are already in in, I would hold off buying until at least Thursday or Friday of next week. If you are already in it, than I would hold but watch carefully. It is very close to forming a bottom, but I have learned to wait for confimation before I would call a real bottom.