Long
NAKD: A penny stock that has seen lots of huge spikes in the
Past. It has printed a 1-2, [1]-[2], i-ii, and -[ii]. A series of higher lows and lower highs have created a symmetrical converging triangle. Typically such a triangle breaks out in the prevailing trend which is up. And it has precisely broken out recently. With such a count, the target will take some work to figure out. We will take each wave at a time, starting with the highest degree and work backwards as the waves develop.
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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.