NEXCF: Downtrend breakout Initial PT $8NEXCF has just broken its long downtrend line which is usually due to some fundamental change in the company and trajectory of cash flow. The company has rebranded more into an AR 3D marketing company. They still have their digital edtech app and online conferencing but the reposition was a wise one considering the pandemic is coming to an end and many employees will be returning to work. If you noticed this past week the largest losers in the Nasdaq were pandemic plays such as Zoom (ZM) and Moderna (MRNA).
The business pivot will play a crucial role into the burgeoning AR space which is becoming a greater theme in 2022.
Fib extension target in the $12 range but no promises we get there - first target will be $8.
