I forgot to update NTXN (Nutanix Inc) trade idea in this morning’s trade idea video. With earnings now out of the way, this is will be added as an Active Short here around the 53.55 level as it has clearly broken below both trendline & the 55.05 price support level. Same target & stop as in the recently posted setups which can be viewed by clicking here.
NTNX daily May 25th
Shortly after the last update on this trade idea which was published yesterday, I edited the post & acknowledged the comment from member@dazi reminding me that the previous setup was only an unofficial setup with any official entry to come only after the stock reported earnings yesterday after the market closed. As such, with earnings now out of the way & the bearish case still very much intact with the recent breakdown, this stock will be added as an Active Short Trade at this time.
My apologies for any confusion & as I have recently suggested, please make a point to visit the site periodically after any post is published on a trade idea or any analysis that you might be interested in as I & others will often add additional comments, questions, replies, etc. in the comment section below the front page posts. Any comments made to a post as well as any edits made to that post shortly afterwards are not sent by email as the original post is.