NAK Long-Term BULLISH

Oct 2, 2023

This is on the monthly chart and very reliable.

NAK is nearing a total breakout of a descending trendline in place since 2012. In confluence with this, NAK has been staying around it's floor price for months now. It looks ready to launch from this base.

TP #1 = 1.15 (should be easy to reach)
TP #2 = 2.50 (likely to be reached longer term)
SL = 0.19

Current price at time of this post is 0.313

Risk is only $0.123 per share, while reward for TP#1 is $0.837 per share, but the potential for TP #2 is high and this would be a reward of $2.187 per share!

Oct 31, 2023

Note

NAK has increased by about a penny since my posting. It looks ready to take off at any time!

Jan 3

Trade active

NAK has more than doubled since my original post. This is a monthly chart and so it takes long to play out, but is reliable. NAK is still on it's way to $1.15 and beyond!

Mar 24

Trade closed: target reached

Target has been reached! This was a great trading opportunity for the patient. I expect much more upside to come. The next target is $2.50, but I'm closing out this trading idea since it's on a long time frame and a lot of time has passed.