Nautilus went deep but Nemo wants air and will emerge
Nautilus Inc might give us a nice opportunity here. The 5.50$ held pretty strong and the long term trend line got almost touched.
We could see a 100% run up and close the gap at around 11.75$. The markets are really over reacting either up or down and nautilus got beaten up quite a lot.
I gave you two charts. A one day and a one week to see it clearer.
R/R looks really nice here. Entry 5.70$ SL at 5.20% TP at 11.50$. If it knocks us out we might reenter at around 4.50$
Just my opinion so make your own research and like always
May the markets be with you
Nautilus
Beware of little expenses. A small leak will sink a great ship..Prediction: Naut is continually revisiting oversold status, and has been in a significant downtrend for two weeks. With no real progress or relevant updates, and the recent attempts initiate a pump cycle being met with crickets, expect a revisit to the range of the previous bottom at around 0.0003, with a possibility of going lower, but a high probability that insiders & large holders will be defending the 0.0003 level and will be accumulating at this price for a pump after Oct 1.
A double bottom could signal a reversal into bull market conditions coming into the first week of October, but be warned that an overexuberant bull market that pushes the price too quickly will likely run out of steam before reaching previous highs, so set your stops during the down and up cycles, and stagger your bids and offers at or around previous support levels.
Good luck.
