Bearish potential detected for NXGEntry conditions:
(i) lower share price for ASX:NXG along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $10.21 (open of 4th August).
Stop loss for the trade, depending on risk tolerance, would be:
(i) above the recent swing high of $10.92 of 7th August, or
(ii) above the potential prior resistance of $11.18 from the open of 28th July, or
(iii) above the potential prior resistance of $11.66 from the open of 28th October 2024.
