NAK showing a Bullish divergence
All of this is speculative, do your own reasoning. Opinionated analysis.
Okay lets break this down.
GLD in general looks to be making a trend to the up. Obviously NAK would relate to that movement. (or could)
Now on the 4hr Chart I have plotted 2 dotted lines one on the Line graph and one on the RSI.
* a bearish price
* with bullish pressure
the Volume Flow Indicator has also seem to show a nice reversal cup in about a 1 year span.
A Long trade would seem in effect, target unidentified.
Happy trading!
Okay lets break this down.
GLD in general looks to be making a trend to the up. Obviously NAK would relate to that movement. (or could)
Now on the 4hr Chart I have plotted 2 dotted lines one on the Line graph and one on the RSI.
* a bearish price
* with bullish pressure
the Volume Flow Indicator has also seem to show a nice reversal cup in about a 1 year span.
A Long trade would seem in effect, target unidentified.
Happy trading!
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