Transcription
Hello friends. So this is the current price chart of NXTC or NextCure INC, and you can clearly see a fresh breakout as well as a fresh expansion which has started as far as the current price action is concerned.
First of all, we have a breakout at or above these two levels. So they are now your support and stop-loss. So what you must do is make sure that NXTC is trading and sustaining at or above these two levels. So we first of all have 9.1 as our uh support, and we have 7.9 as far as the stop-loss is concerned. So make sure that this particular stock is not falling below both these levels, otherwise downside may resume once again. That should be the first thing which you need to look at or which you need to understand.
Now, as far as NXTC is concerned, we first of all, because we have a breakout above 9.11 or 9.12, and if it'll continue, then the next two immediate targets which has now become active starts with 13.8 and 15.4. And if in case the stock surpasses and sustains even beyond 15.4, then an expansion or extension may push NXTC even towards 22 and 31 moving forward.
So with the current price positioning, if the stock continues to trade and sustain above 9.11, then this highlighted section is active, and after 15.4, this is the extension to be looked at. But over a period of time also, if you want to go beyond uh 31.5, 32 or more, then that requires another breakout because a further range will open up, and it may take couple of months. Okay, what I'm talking about, it's not going to happen overnight. If it does happen, it's a different thing, but it will take time. So there is no point going beyond 31, otherwise we have a big breakout to look at moving forward.
So this is the end of the video. Thanks for watching.