$NAK has been sold off heavily since February 2017 and with another sell-off in May. It has only recently begun to climb up again with rumors of a partnership deal being announced as early as mid-late October.
By looking at the up-trending RSI and OBV, it can be seen that the stock price has generated a solid upward momentum.
Furthermore, the Ichimoku cloud...
Hello all! I am fairly new to charting and have been looking to learn more about it... NAK is a favorite of mine and I think that it will break the $2 mark come the next few weeks. I say this because the same patterns that showed up when the stock broke the $3 mark are starting to occur again. it is going to pull back some to maybe 1.60 and then from there take...
added to position on the dip yesterday. Looks good even on the monthly. over the 50MA monthly. Fundamental traders will want to check this out as well.
Long on NAK. Looks like a breakout of the triangle. Gold is looking nice and bullish too. Miners have been lagging. White line is when my call options expire. Lots of upside here.
NAK is quietly breaking above the 75sma on the hourly chart. Poised to move higher. Looks to be leaving a bull flag behind. AB=CD could see a nice return up to 1.77.
NAK has been trying to break out here for the last week but selling pressure after the initial pop to $1.60's quickly brought price back down. Currently price is at both the demand zone and basis MA on the Bollinger Band. Looks to be consolidating.
I wouldn't go long or short until it breaks either way. Bears have the advantage at the moment.
There may be a mini-inverse head and shoulder, but the volume doesn't coincide with that particular pattern. There are probably better set-ups out there instead of forcing trades.
Congrats to those that bought at channel bottom though (~1.21). I couldn't stay in the...
It seems that a test of support was in order!
The support at ~$1.35 from late June is being tested again. If NAK bounces off of this level, an uptrend may have begun - otherwise, the downtrend continues.
Average: $1.64
Price Target: N/A
I have been accumulating since $1.80 instead of trying to time a reversal. With the EPA news released yesterday, this seems to be primed for a break of the downtrend.
$NAK is ready for a move on the upside. It touched key levels of support and bounced back up after hitting the trend line.
Entry point: 1.48
Exit point: 1.97, if that key level of resistance is broken, hold until the next level of resistance is touched.
Stop loss: If the price goes below 1.23, a trend reversal will be confirmed. Below that point, sell your...
