NXM has dropped through monthly support ( Blue line ) and bounced off weekly support ( green line ) Maybe a double bottom on the weekly chart? Certainly the hourly is respecting this level. 50 sma is still pointing down. It's Oversold on the weekly. Looking for an entry in my opinion and an entry to suit my trading style I would wait for a higher high/higher low to confirm a change of trend. and/or a rounded bottom. It is trading at a 52 week low, which is important for determining it's current value. It's really hard as a supply/demand trader when there's no demand to the left to figure out what levels are important and where the liquidity is. I know it's a TA question but look at the sectors it is in. Maybe it's sector is in an across the board bearish trend at the moment?
