7 cents to $4 in 7000% move for NKN?

20 Eyl

On the above 11 day chart price action has corrected 95% since early 2021. A number of reasons now exist to consider a long position. They include:

1) Price action and RSI resistance breakouts.

2) Support on past resistance. Look left.

3) Bullish divergence. Multiple oscillators print positive divergence with price action across a 55 day period.

4) The Bull flag. The support on past resistance confirms the flag pattern. A repeat of the impulsive move in 2021 will take price action to the $4 area with a 7000% return.

Is it possible price action corrects further from 95%? Sure. Sellers love it.

Is it probable? No.

Ww

Type: trade
Risk: You decide
Timeframe for long: This month
Return: 7000%