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 where you might want to unload a little as it goes up.
Overall I’d say that there’s not a whole lot of strength in the chart… 😬 I would definitely make .66 the target and not hold much longer than that.
GL @Najah000 & I hope this helps...
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 where you might want to unload a little as it goes up.
Overall I’d say that there’s not a whole lot of strength in the chart… 😬 I would definitely make .66 the target and not hold much longer than that.
GL @Najah000 & I hope this helps...
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I am not your financial advisor.
I am not your financial advisor.