Naked Brand Group Ltd (NASDAQ:NAKD) penny stocks have been on fire and this MEME stock deserves your attention again. Not only because it is a penny stock, but also because the chart is curling up. The technical 4H chart shows the possibility of a new rally as the stock bounced up after dropping back to its previous major resistance area, now major support....
Buy low sell high ..... sure it can drop lower ... but check the reward and the risk .... for me I invest only the money I can take the risk ... hope to see u again at 10X - 100X
In case of breaking the resistance level (0.7683); The next possible target would be $1.04....
Nice break of descending on the daily chart. We could see a possible continuation run here. Keep your eyes on this one.
Series of 1/2 that indicating a huge move to the upside very soon!! JMIA / AMC / NAKD ETC ETC WILL FOLLOW :))) GOODLUCK!
REQUESTED ANALYSIS - $NAKD - I hold no position Ok so it looks like it’s getting squeezed between two trend lines (blue) and could go either way. The long direction is not in your favor here. But… anything can happen. Once it chooses a direction I labelled some support levels which are really great places to add and average down (red) and resistance levels...
shark harmonic pattern: AB=0.38 XA BC=1.6 AB tp1=1.6 BC=$27 tp2=0.88 XA=$38 tp3=1.13 XA=$141 tp4=2.24 BC=$267
any number of patterns playing out for NAKD cup & handle Inverted head & shoulder W bottom now that a higher low seems to be formed will traders come in to take the stock up the channel? who can say?
if NAKD cannot break $1 or the downtrend line, or both the trend is down to neutral if it breaks the down trend, or starts to hug the downtrend then I could see a possible trade the action is weak not financial advice
of course! (comparing XRP to NAKD) what a long strange trip its been these patterns are synonymous with whatever you want to call it consolidation, manipulation, suppression either way it works on the liquidity available in the market NAKD may be on the verge of an upswing not financial advice
Now you can buy NAKD Naked Brand now cheaper than the institutions that made $100 Million Private Placement at the price of $0.93 per share. My price target is 1.2usd, with a potential to go to 2.5usd.
a continuation of trend seems to be in order for naked 50/100 crossover tends to bullishness establishing price action over the 100 MA at some point $3 should be challenged and if that can be surpassed then $24 is on the table
You can buy NAKD Naked Brand now cheaper than the institutions that made $100 Million Private Placement at the price of $0.93 per share. The doji in the chart can signal a potential reversal. My price target is 1.2usd.
Wednesday, 23 June 2021 21:40 PM (WIB) Naked Wine Plc, has created bullish engulfing at the lowest low of ascending channel. I expecting the chart will shift from now, and start to move upside to the highest high. Best regards, RyodaBrainless "Live to Ride and Ride to Live"
I'm starting to really like NAKD for a revival play after a significant double bottom off the 200-day moving average around $0.48. There is now a clear defined risk-reward with a stop below the double bottom low. Technically price is showing signs of recovery with the 200-day moving average holding nicely resulting in a strong double bottom and higher lows since...
although a much shorter time frame, naked is printing a similar consolidation pattern as the multi year xrp consolidation would be interesting to see if they perform/mirror going forward at some point naked will be ahead of xrp in the fractal time frame not financial advice