$NKN Potential Break out
NKN seems to be coming out of this rounding supply line here.
In the context of an accumulation range, this would be equivalent of "jumping over the creek"
If it holds up, id look for a test of the top of the range next at the 382 / 0.16
Above that, historically its a pretty swift move up to .32 and .43
It wouldnt be alarming if we retested the bottom of the range or got a checkback on the supply line first, but a real nice start here on a reversal.
In the context of an accumulation range, this would be equivalent of "jumping over the creek"
If it holds up, id look for a test of the top of the range next at the 382 / 0.16
Above that, historically its a pretty swift move up to .32 and .43
It wouldnt be alarming if we retested the bottom of the range or got a checkback on the supply line first, but a real nice start here on a reversal.
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