9/05/2017 NAK AnalysisPrice has maintained the support line bullish, with two days of big candles to the rise
NDM trade ideas
4/05/2017 NAK AnalysisWith 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.
NAK Volatility SqueezeDouble bottom after sharp downtrend, followed by impulse up. Volatility decreasing. Watching for setup.
NAK shotI made a bunch of money with NAK on the ride up, then lost almost all of it on the crash down.
The crash (30% down in a day) really shook my emotions which hasn't happened in a while. As a result I traded in and out and gave up another $1000 or two in profits. At the top I was gloating about 250% 1-year returns, so I guess I deserved to lose it. Overall, it has steeled my trading discipline and taught me to be happy with my account no matter where it is. Emotional trading is absolutely dangerous.
Starting over. Long NAK (filled at 1.216) with this long tail at the daily 200ma. Stop below 200ma for now, looking for an oversold bounce to $1.6, then $1.9.
NAK Ichimoku Cloud analysis. Observing strong buy indicators.Notes on the chart will show you where these indicators are happening. Friday's (7/8) trading closed above the cloud with a TK cross inside the cloud occurring. Today (7/11) continued the bullish trend and sent the price well above the cloud, with both TK lines piercing above the cloud. The kumo twist 26 periods ahead is bullish. The increased volume is something to pay attention to. Float on NAK is 177.78M with 5.85M shares being traded today (average volume under 1M). Upcoming battlegrounds are marked on the chart.
