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NexTech AR Solutions Update After Major Ramp-Up
Contributed Opinion

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Technical analyst Clive Maund provides an update on the prospects for this technology firm.

While is primarily a resource stocks website, we recognize that investing is an opportunity cost game, and for this reason we have no problem buying a tech stock that is destined to soar in preference to holding a resource stock that may remain moribund for a while. That is why that we have increasingly turned our attention to NexTech AR Solutions Corp. (NTAR:CSE; NEXCF:OTCQB) in the recent past.

The reason it is so strong, in a nutshell, is that its pioneering 3D augmented reality ads look set to be massive revenue generators, and the company has recently teamed up with Google to this end. NexTech AR looks like it will soon gain the backing of Facebook and Instagram etc.

Aware of what it was working on we had been accumulating the stock earlier in the year, back last winter and spring, first going for it in January at about CA$0.69 per share, and again in March, when it was priced at about CA$0.54. Thereafter it continued to trundle sideways within a trading range until early-mid October, when the high volume stab at the resistance at the top of the trading alerted us that this was a preliminary breakout and that a real breakout was pending. So naturally, we went for it again.

Then, late in October, after completing a bull flag, the stock broke out on heavy volume into a dynamic stage 2 uptrend and we bought it yet again on 11th of this month, when we observed that another bull pennant was approaching completion.

Volume became persistently heavy in recent days, with a larger reaction yesterday, which was hardly surprising considering how overbought it has become, so it looks like it may form another flag or pennant here to allow time to work off the overbought condition. Such a pattern may build out for longer this time, due to the overbought condition and the increase in interest.


This stock is considered to be in a powerful bull market that looks set to take it much higher, due to what the company is doing and its very big and powerful backers or associates. It was mentioned in an earlier report that it could well turn out to be a CA$20+ stock, and while this may seem farfetched, it shouldn’t really. After all, most big stocks, like Apple and Microsoft, started out with modest valuations, and look what happened to them.

So this CA$20/share prediction is not going to be retracted; on the contrary, it could get there faster than most would think possible. We stay long and prospective buyers at this juncture should look out for a minor reaction back to support, and/or a volume dieback to signal a good entry point ahead of another upleg.

NexTech AR Solutions website.
NexTech AR Solutions Corp., NTAR:CSX, NEXCF:OTC, closed at CA$2.26, $1.70 on 21 November 2019.
Originally posted on at 6.40 pm EST on 21 November 2019.

Clive Maund has been president of, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.


1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: NexTech AR. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with NexTech AR. Please click here for more information.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of NexTech AR, a company mentioned in this article.

Charts provided by the author. Disclosure:
The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

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