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Milan_Trades

$NAKD Curling on the 1HR Speculative Play (possible Parabolic)

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NASDAQ:NAKD   None
Trend Analysis Chart Patterns LONG squeeze curl
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trendanalysis chartpattern long squeeze curl
After January 27th Momentum gain into $3.50s area we seen a heave pull back down below $1.50s. the markets has given time to squeeze out the day traders and i think it's a good time to put on a Swing Play now that we are giving way to a squeeze. holding that 50 EMA. if it breaks past $1.00 i would stop out of this trade. but the R:R is about 1:3 on this play into back into $3.50s with a chance of this going Parabolic all the way into $10+ as we've seen with most of these non-catalyst stocks lately if the Volume increases intra-day.
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