From the chart for NAKD you can see we are in aN accumulation RANGE. We have higher lows being formed on the daily, with price being restricted in a 50% range. This is evident from the highs around $0.95 and lows around $0.50. This therefore tells us we are holding the previous resistant level, and market makers are fueling for the next leg up. NAKD's price is great if you wish to add to your positions, with this being the first sign of a reversal from its bear trend and decreasing price. If we hold this level I fully expect the price to reach around $3.4. In this range we are likely to test the high of $6.8, and come back down to $3.4 for another accumulation and hold of previous resistance, for future tests of higher highs. My yellow arrow suggests what I see happening. The last time we have seen these sort of gains was from my graph of doge in 2019, where we saw 10000's % of return. This is it -
Very few would listen to me when I talked about accumulating doge at 30 satoshis, now look at the haters! This is the next doge in terms of percentage gains, and I look forward to seeing the smiles on your faces for this one!
For those interested I have a few profit targets at the $6-8 range, but im expecting much much higher. News and sentiment for NAKD is great, the price is great, and the prices to gain are great for return. Believe it or not I see NAKD hitting $500+.
With the people who have continued to trust in me, be patient, be safe, and the next analysis will be when we reach the $3 level.
Goodluck!!!
THIS IS NOT FINANCIAL ADVISE THIS IS NOT FINANCIAL ADVISE THIS IS NOT FINANCIAL ADVISE
As I understand it, the acquisition of the EV commercial producer Cenntro isn't complete, and that will be finalized toward the end of the year. And then they'll be churning out 500m+ sales next year from Cenntro, which ALREADY has 3,300 vehicles ON THE GROUND, compared to Rivian. So, it seems to me, an EV maker can't be plodding around with a .68c share, for sure they have to join up with the other guys, although 3,300 isn't a huge number. For sure, $7.50 - $10 for an EV maker isn't unrealistic? And I was thinking that maybe NAKD would then sell off its clothing brand, big headache there, it's not exactly performing anymore, that should make another little gain. In some ways, NAKD is acting almost like a SPAC: as I understand it, Cenntro is not listed, so NAKD is bringing it to market. I hope I'm right about all this, I just put a bunch more money into NAKD today at .65 and lowered my cost basis. Interested in your thoughts on all this, and if my thoughts are sound, then I'm gonna load up some more, gonna be a niiiiiiiiiiiiiiiiiiice pay day when this goes from .68 to $7.50 (pretty please!).
djhodnett
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@andrewharoldyoung1, There is definitely a lot of positive news to be released in the coming months and years to come! My TA is based purely on the charts, but positive sentiment can certainly drive the charts more bullish. We are in a great range to add to positions as a big move is inevitable. As you also mentioned, EV companies are becoming the "hot" stocks to buy right now, so with that in mind we are in a market sector that I also believe could sky rocket. The key for this play is patience, as well as accumulating what you can afford to do. (NOT FINANCIAL ADVICE).
EyeHaveYou
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Excellent analysis and your take on Doge back then was extremely impressive! Good work, no great work!
djhodnett
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@EyeHaveYou, Thank you! I hope you can profit from this!
EyeHaveYou
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Thank you! I already have. Been in NAKD since December 2019 and will be here for a long time 🚀 I hope profit likewise!
@ks007321, $500 was the origin of the move which brought us to our lows. if we continue to hold previous levels we lost its not inconceivable to reach these levels again.
ks007321
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but with all the splits that diluted the share price, that seems high unless a reverse split happens, I'm not trying to be controversial like abudeem above, I'm being serious, I have a pretty decent amount of money invested in nakd. that would be awesome but I dont see how its possible, just seeing what your thought process is. thank you for your idea
djhodnett
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@ks007321,Thank you for sharing your views, im always eager to learn new information on any stocks I trade. In regards to my trading strategy, I do not look at dilute shares available. My analysis is purely based on price action and market making. Therefore, I see triple digits prices in the distant future based on testing the origin swing which took us to the lows we recently achieved. Im not at all saying this WILL happen, but as a possibility! It's also important that you take TP's along the way up as you want to average out of your position, rather than hold on to longs until we reach a price we may never actually hit! There is the possibility of future acquisitions with other companies which of course as you said earlier could mean stock splitting etc, but this is not what I base my trades on. Lets see how NAKD performs over the next few months and we can stay on the subject of future price targets!