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!
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NAK has increased by about a penny since my posting. It looks ready to take off at any time!
So if they are being shot down in their projects why would this stock go up?
EACoders
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@petermc1973, My post was purely technical based on the chart provided. I have seen similar things about a hundred times for other symbols. In my opinion, the truth is always in the chart. Whatever news event it will be which will make this happen is unknown. It may be the supreme court deciding to hear the case, but doesn't matter to me. Pure speculation can make this go up too. If you are familiar with alt coins over the years, you will know what I mean. So many people out there, or even bots, will see the chart I posted and come to a similar conclusion. Regardless of any positive news related to their project.