This is all you have left. Blank slate. Who knows? Glad I am out. Will never return to the underwear company that transitioned into EV's. The MEME was the ticker symbol. Now you have no ChART or Data.
NAKD - Short Term - We look to Buy at 0.5220 (stop at 0.4286) Trading within a Bullish Channel formation. Price action has stalled at good support levels and currently trades just above here (0.5000). Previous resistance located at 1.0000. Offers ample risk/reward to buy at the market. The bias is still for higher levels and we look for any dips to be limited....
Cenntro Electric Group Limited (NAKD) unveiled its state of the art autonomous vehicle, the iChassis skateboard, at the 2022 Consumer Electronics Show (CES). iChassis production will begin by Q1 2023. Cenntro has sold and delivered 3300 commercial EVs in more than 26 countries as of December 2020. My price target for NAKD in 2022 is $13.
I mean what did the NAKD CEO do? Ah, hell fellas. The underwear business is a real sum bish. We gotta find something to buy and merge with... (board member) Yeah but it must change this ChART from bearish to bullish... They hire some ChARTist and after months of scouring ChARTs and merging the info... Eureka! I got it! EV! This merger will turn this ChART into...
Both technical analysis and fundamentals are looking ready for a comeback. Cenntro produced 628 electric vehicles in December 2021 - highest volume in a single month 2022 guidance to deliver a minimum of 20,000 vehicles. Market Cap 390.294Mil, still small. My price target is the 11.50usd resistance. Looking forward to read your opinion about it.
Great Entry Point. Panic Selling and Short Attack. Buy the dip
Reversal. Double from current level. Reduced float size.
(IF) it makes it at all... Time will tell the tale. This would be a textbook Wyckoff Accumulation Bottoming Pattern if this was to play out. The oscillators have been screaming reset for a minute. 60X from the bottom. But that's a long painful ride down to 0.89 if so... Not my cup of tea. I will wait to see some type of bottom. I like big bottoms and I...
The 1-15 RS should be at $7.20 per yesterday's close... Premarket is currently at -5% @ 9.80's/90's. Let's see what happens but I predict another sell-off. Too many EV companies. None of these will beat the already established manufactures for retail buyers in the US. The space is far too crowded. These dudes are late to the game IMHO and Cenntro vehicles...
I had hope for the bounce. This is bouncing like a brick. Bearish Divergence Showing up After Hours.
I keep using CEI to compare a textbook Wyckoff Accumulation pattern most recently with TNXP... But noticed the other day that NAKD looks very similar and the counts are matching up. NAKD just has an extreme move vs. the two other assets. 3 up 3 down 7 points. If this was the case a .05 NAKD is very possible and probable. Time WILL tell the tale.
That's the exit for those underwater. The bearish divergence should show up there at the retest of the breakdown. But then... Rug pull. Plan accordingly.
With all this, I am misleading people nonsense. Draw lines this way FInk. You just don't get it. OK... The ChART flipped bearish, and so did I. NEVER MARRY AN ASSET WITH THESE SILLY NARRATIVES BUILT TO LURE IN THE ROBINHOODERS! There is no ARMY! Ther is no Diamond Hands. There's only you, a ChART and your ability to read what it says is probably or...
Naked shareholders will receive 7 shares in the new entity for every 3 existing NAKD shares they own. The combined company will have a market capitalization of nearly $2 billion. Cenntro Automotive, NAKD`s merger, is a leading EV technology company with advanced, market-validated commercial vehicles, that has selected Jacksonville, Florida for its first U.S....
There is hella bearish divergence going on the intended hour ChART in the 12-hour time frame. Check RSI Divergence Indicator. Clear Backasswards Bull Flag in reverse is in play. .15 is the target around March... Time will tell the tale.
This is the problem with all that army talk. Who starts it? The old saying, do the opposite of the herd comes to mind. Because they just drove right off a cliff! .48 next stop! Do not buy the dip all the way down! That dip will keep on dipping! Catching falling knives is not fun I have attempted myself.
Laying it down... TNXP DJI BTC ITRM THMO QLGN CLOV ARDX NAKD @dRends35 this one is for you my friend across the pond!
Narratives are a terrible trading tool... I prefer Patterns, MA's, Volume, and Divergences. This ChART shows negative prices coming IMHO.