SeleCTCapital

NAK clear signals for partnership in 1 month with PT $6.5

Long
AMEX:NAK   Northern Dynasty Minerals, Ltd.
$NAK has been sold off heavily since February 2017 and with another sell-off in May. It has only recently begun to climb up again with rumors of a partnership deal being announced as early as mid-late October.
By looking at the up-trending RSI and OBV, it can be seen that the stock price has generated a solid upward momentum.

Furthermore, the Ichimoku cloud turning green gives further upward momentum for this stock. The last time this happened, the stock surged up to $3.47. All these factors considered together, it means that this stock will likely break the $2.00 resistance level very soon and may continue to climb up towards the next resistance at $2.18.

Expect the stock to skyrocket when partnership details are announced. It may be too late to catch the Naket-ship, and at a current price of $1.88, it's well worth the risk-reward ratio.

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