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 turning green gives further upward momentum for this stock. The last time this happened, the stock surged up to $3.47. All these factors considered together, it means that this stock will likely break the $2.00 resistance level very soon and may continue to climb up towards the next resistance at $2.18.
Expect the stock to skyrocket when partnership details are announced. It may be too late to catch the Naket-ship, and at a current price of $1.88, it's well worth the risk-reward ratio.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.