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NAKD

NAKD: Trading the Range for 4:1 RRNAKD - Short Term - We look to Buy at 0.5220 (stop at 0.4286) Trading within a Bullish Channel formation. Price action has stalled at good support levels and currently trades just above here (0.5000). Previous resistance located at 1.0000. Offers ample risk/reward to buy at the market. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 0.8972 and 0.9600 Resistance: 0.7500 / 1.0000 / 1.1000 Support: 0.5000 / 0.4500 / 0.3000 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NLong
by Saxo
4
NAKD shareholder merger approval special meeting on Dec. 21Naked shareholders will receive 7 shares in the new entity for every 3 existing NAKD shares they own. The combined company will have a market capitalization of nearly $2 billion. Cenntro Automotive, NAKD`s merger, is a leading EV technology company with advanced, market-validated commercial vehicles, that has selected Jacksonville, Florida for its first U.S. based manufacturing facility. I consider buying NAKD shares before the shareholder merger approval special meeting on Dec. 21 to be a good opportunity!
NLong
by TopgOptions
9
NAKD LONG IDEAInvestorplace Naked Brand has acquired U.S. electric vehicle startup Cenntro Automotive, giving the lingerie company access to the high-flying EV space. Naked Brand announced yesterday that it will swap 70% of its outstanding shares, plus $282 million in cash, for Cenntro Automotive, an electric vehicle developer that has, to date, sold nearly 4,000 commercial electric vehicles. Naked will swap every three existing NAKD shares for seven new shares to Cenntro shareholders. Together, Naked and Cenntro will have a market capitalization of approximately $2 billion. My Thoughts: With this news in mind my play on NAKD is exactly the same as in my previous analysis. I have been contacted MANY times regarding my stance on the long play for NAKD, and questioned if the news above will have any impact on my decision. It has not. For those who are eager to know my thoughts on the recent price action, I have made a new smaller time frame chart for what I see about to happen over the coming days. There are two scenarios 1 + 2. The analysis may be a little challenging for those new to trading, but I will try my best to keep it simple! Scenario 1 - NAKD recently made a local high ($0.93) on 9th November. This level was rejected, and brought us to these new lows. The point of focus is the bottom range I have highlighted ($0.60). This is the level we held that took us to the recent high of $0.93. By making a new low below this we have in theory invalidated the recent high. Therefore, we have set up the ability to now test the range we lost ($0.68), and by holding this make a new test of the local high again. This case is bullish and would be great for those who are long on NAKD. Making the new local low is how market makers grab liquidity and of course stop losses etc. You will see this play done millions of times in the stock market, and is a great indication that we could be setting up for higher. Scenario 2 - As above, NAKD should in theory still test the range lost ($0.68), and a rejection of this would indicate a move to the downside, likely below the recent local low ($0.60). This case is more bearish and could mean we see a continuation of the drop in price. This doesn't mean I will be exiting, it will allow for many of us to accumulate more Longs on NAKD. The rejection could also cause us to hover in this range, and allow for market makers to accumulate shares. This is in term called a restriction range, where price is forced to stay in a particular price range. Only time will tell where NAKD will go, but in terms of long term analysis of NAKD I still see the monthly and weekly holding well, and have been increasing my long position still. For those who follow news, the acquisition is very good for NAKD, as well as the move into the EV market. Once further news comes out on the merger and how shares will be handles, I certainly see this as much more than a long play now, and even and investment hold. P.S The market overall has been dipping, with shorts taking profits and COVID related news in the works. This may or may not have an effect on NAKD, but I certainly can't see it stopping fundamental price action from happening as stated above. Good luck and I will keep you notified if anything changes.
NLong
by djhodnett
11
NAKD PUMP COMINGFrom the chart for NAKD you can see we are in aN accumulation RANGE. We have higher lows being formed on the daily, with price being restricted in a 50% range. This is evident from the highs around $0.95 and lows around $0.50. This therefore tells us we are holding the previous resistant level, and market makers are fueling for the next leg up. NAKD's price is great if you wish to add to your positions, with this being the first sign of a reversal from its bear trend and decreasing price. If we hold this level I fully expect the price to reach around $3.4. In this range we are likely to test the high of $6.8, and come back down to $3.4 for another accumulation and hold of previous resistance, for future tests of higher highs. My yellow arrow suggests what I see happening. The last time we have seen these sort of gains was from my graph of doge in 2019, where we saw 10000's % of return. This is it - Very few would listen to me when I talked about accumulating doge at 30 satoshis, now look at the haters! This is the next doge in terms of percentage gains, and I look forward to seeing the smiles on your faces for this one! For those interested I have a few profit targets at the $6-8 range, but im expecting much much higher. News and sentiment for NAKD is great, the price is great, and the prices to gain are great for return. Believe it or not I see NAKD hitting $500+. With the people who have continued to trust in me, be patient, be safe, and the next analysis will be when we reach the $3 level. Goodluck!!! THIS IS NOT FINANCIAL ADVISE THIS IS NOT FINANCIAL ADVISE THIS IS NOT FINANCIAL ADVISE
NLong
by djhodnett
22
Naked Brand Group is post divergent. NAKDWave C is forming and this is expected given the Wave A origin break, Jurik's momentum divergence and finally crossing of median on directional movement. Fibs are our friend at indicating goals and eliminating a million of non viable possibilities. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NShort
by Rykin_Capital
3
NAKD Naked Brand Price TargetFurther to my previous call on NAKD we have continued to hold support. I suggested that this is a good level to add to your long position for NAKD. With a continuation up we should move to the origin of the move that brought NAKD to these low levels. I must also add that news is incredibly positive for NAKD, and this should assist in the rally. Increasing buy volume is also shown and everything indicates a move higher. Enjoy the ride! Let me know if you require further updates. WE GONNA MAKE IT!
NLong
by djhodnett
6
NAKDNaked 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. Further rebound is expected to test 66c. If a break above this level occurs, price could eventually target the 80c region to the upside
NLong
by SmoothJB