David Bird: NEXTDC analysis shifted from major top warning to buying opportunity

David Bird: NEXTDC analysis shifted from major top warning to buying opportunity
NEXTDC view shifts after technical analysis

David Bird described how his assessment of NEXTDC (NXT) evolved from warning of a major market top to recognizing buying opportunities near the bottom. Bird explained that on July 20 he appeared on Ausbiz's The Call, where he discussed technical warning signs for the company and outlined his views that if key support levels broke, further declines could follow.

Bird has previously examined long-term accumulation trends, highlighting an inverse head and shoulders pattern for the FCG ETF. In another analysis, he questioned investor strategies toward market timing in the S&P 500, asking whether participants tend to buy high and sell low or vice versa, as outlined in his earlier commentary. These past views inform his evolving technical perspective.

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