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tangman
Jun 1, 2017 4:17 PM

Long NAK Long

Northern Dynasty Minerals, Ltd.Arca

Description

There is that tag of the 200ma and a little bounce off of it.

1h chart is well oversold so if nothing else I should get a small bounce that lets me raise stops to breakeven or close to it.

It is still very risky, but that's the nature of the game.

Buying a position here at 1.52, hard stop below the 200ma, ~1.45.

Trade closed manually

The rally on 6/5 was very encouraging but had no follow through.

On a larger scale, there may need to be a C wave down to make an A-B-C correction.

Out at 1.6. Will just watch it for now.
Comments
tangman
Here's the hourly chart
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