$NEXT shows a potential bottom after sweeping the 52-week low at $4.76. The 8h chart indicates a curl back above the $5.00 psychological level, but the trend needs to clear immediate overhead supply to sustain momentum. #hovdid
Bulls: Need a daily close above $5.37 to confirm the reversal and target $5.63 - $5.79.
Bears: Look for a rejection at $5.30 to retest $5.00 and the $4.71 demand zone.
$NEXT looks to be carving out a bottom after a sweep of the 52-week lows. Price action is curling back toward the $5.30+ range with increasing volume. Reclaiming the mid-$5s is the next major hurdle for a trend shift. #hovdid
Bulls: Need to reclaim and hold $5.37 to confirm the bounce and target $5.63 - $5.79.
Bears: Looking for a rejection at $5.30 to send price back toward $5.00 and the $4.71 demand zone.