Naked Brand Group (NAKD) said premarket Friday that it has been granted a 180-day extension, or until May 24, to regain compliance with Nasdaq's $1 bid price per share requirement.
On that note:
This is definitely a risky swing trade here.
Looks like like pumping began Nov18th, so the question is will this stock make it back to $1.00 without a reverse split? Will it reverse split or will it get removed from NASDAQ/ even possibly delisted?
I am skeptical about this actually reaching a dollar via bull run, but either way I think we can all agree there is money to be made here right?
*Indicators used*
-Zig Zag
-Pivots
-Vol
-MACD
-Super Trend V1.0
*Like if you find useful, thanks!*
On that note:
This is definitely a risky swing trade here.
Looks like like pumping began Nov18th, so the question is will this stock make it back to $1.00 without a reverse split? Will it reverse split or will it get removed from NASDAQ/ even possibly delisted?
I am skeptical about this actually reaching a dollar via bull run, but either way I think we can all agree there is money to be made here right?
*Indicators used*
-Zig Zag
-Pivots
-Vol
-MACD
-Super Trend V1.0
*Like if you find useful, thanks!*
Trade active:
entered a small position to test the waters.