There is that tag of the 200ma and a little bounce off of it.
1h chart is well oversold so if nothing else I should get a small bounce that lets me raise stops to breakeven or close to it.
It is still very risky, but that's the nature of the game.
Buying a position here at 1.52, hard stop below the 200ma, ~1.45.
The last week or two, I had bought NAK at 1.625, 1.73 and 2.02, all to sell at 2.215.
The trades are marked by the arrows on the chart. It is a little too fast paced for my liking, however I made a lot of money so I'm not complaining. In this trading climate I have been extra cautious with my trades and so far I've made some decent change.
It's close to a buy...
With a gap down, the price of the action generates a break in the support of the trendline, this may mark the beginning of lateral trend. Be aware of a bullish recovery and continuation.
