NAK has been sold off heavily since February 2017 and with another sell-off in May. It has only recently begun to climb up again with rumors of a partnership deal being announced as early as mid-late October. By looking at the up-trending RSI and OBV, it can be seen that the stock price has generated a solid upward momentum.
Furthermore, the Ichimoku cloud turning green gives further upward momentum for this stock. The last time this happened, the stock surged up to $3.47. All these factors considered together, it means that this stock will likely break the $2.00 resistance level very soon and may continue to climb up towards the next resistance at $2.18.
Expect the stock to skyrocket when partnership details are announced. It may be too late to catch the Naket-ship, and at a current price of $1.88, it's well worth the risk-reward ratio.
Even if there is no partnership announced by late October, the bullish technicals alone will most likely still give this stock a push up above $2.00.
Remember, trade what you see.
Remember, trade what you see.