NEXO's dissappointing way of distributing the annual dividends and the generic pump and dump to claim dividends has brought NEXO back below the S/R flip of 1300 sats. We spend the majority of late 2019 accumulating below that range, broke out of it early 2020 with a retest in May 2020. The current break of 1300 sats and test of 1000 sats is imo only temporary. This range will hold and is a buying opportunity for the long term. I believe the company and business model is sound and expect this to be the last time we visit this range.
