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MyMIWallet
Jan 29, 2021 5:38 PM

NAKD Breakout Stock Alert Long

Description

BREAKOUT STOCK ALERT
NAKD - Naked Brand Group Limited - Ordinary Shares
Initial Alert Price: $1.89
Potential Price: $2.62
Potential Gains: 38.62
Stop Loss Limit: $


Looking for NAKD to hit to retest the $2.62 Price Levels over the new few weeks and find strong support at those levels to then retest the $4.80 and then the $6.96 if we find support above the $4.80. The company is currently up 149.14% YoY on EPS and showing continued growth on the 5-Yr Trend from a long term investors perspective, showing the potential to go green on EPS by 2022. We understand that this stock is currently in play on the Short Squeeze movement which does provide it's risk but we have seen the stock come to a consolidation point and find new levels of support and rather strong support at those levels which is why we have decide to push this trade alert purely from the momentum of the stock vs. the social movement behind current short squeezes. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
Comments
MarkIT_mal
5 dollars on monday or we hold till we get more !
MyMIWallet
@MarkIT_mal, Definitely a longer-term hold on our end. Not following the "Short Squeeze" Phenomena
MarkIT_mal
@MillennialInvestmentsPros, i dont mind waiting 2 years for a huge return
WTFpattern
wow just stopped out on my first position, might try again at $1.50 mark if it makes it down there
MyMIWallet
@WTFpattern, Volatility will come due to the current extent of the market conditions. Our predictions are typically based on a 20-30 day swing trade, so we stand behind our analysis.
daSNAKE601
We are in!! I think if we can break above 2.12 again, we will retest that 2.62. We love to see it lol
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