I'm kind of excited to talk about this one guys. Oh, i haven't i've been talking about knack before all right, we're going to talk about ticker symbol, nak today so buckle in for a video we're going to present you guys with a nice swing trading opportunity. What is up, everybody welcome to trey's trades, where we get technical analysis on different stocks on the stock market, as well as potential buy holders sell opinions on these given stocks. I, like your bonus by saying that i'm not a financial advisor nor expert, so take what i say with a grain of salt.

Let's get into the video today, my friends so we're gon na be talking about ticker, symbol, n, a k, northern din uh, and this is going to be on the one month chart we're gon na show you the one month and one minute chart the one day. One minute chart, so i give you both a macroscopic and microscopic perspective of the price action on the stock. I've got a couple. Different indicators pulled up the rsi, which is relative strength index the 200 dma and the 15 day m8.

The rsi's relative strength index anything over 70 is overbought. Anything under 30 is oversold, the 200 ema the exponential moving average. Is this purple line right here, and this is the uh. This is a price, action-based valuation trend line over a 200-day moving period and then the 15-day ma some brokerage accounts call this the sma, the simple moving average.

This is a 15-day price, action-based valuation trend line. We use both of these because it gives us a good idea of both macroscopic and microscopic price action so that we can predict upcoming breakouts. So that is what i like watching and looking for uh we'll talk about what these mean. I have a fibonacci retracement drawn up very easy to do if you have weeble version, four click on fibonacci retracement, and then you just put the base at the bottom of a run-up right here and they peak at the top of a run-up, and it gives you An idea of retracement on a stock, the overall strength of a stock and what a good possible entry point would be so we're gon na look at some previous trends to give us an idea of what we might be looking at here with ticker symbol and ak.

Good entry points for the stock good exit points for this swing trading opportunity. What is it? What is the way to play this out? The whole nine yards? So, let's get into the video and uh start off by telling you what they are so ticker symbol and ak. Northern dynasty minerals ltd is a mineral exploration company. The company, through its subsidiaries, holds interest in mining claims on state of alaska land in southwest alaska.

The united states, which are part of the pebble, copper gold, molly denim project. The pebble project, is located in southwest alaska, approximately 20 miles from the villages of illiamina and new hailen and over 200 miles, approximately 320 kilometers southwest of the city of anchorage. The property consists of approximately 2 400 mineral claims and is situated over 1 000 feet above sea level and approximately 60 miles from tidewater on cook inlet. The company is in the process of exploring and developing the pebble project, we're gon na pull up their website here.

Real quick and just take a quick peek at what they do, so they are the world class pebble project in alaska man that sucks i've got a buddy from uh college who uh man, i feel that's. That's too bad is in federal, permitting and being advanced toward development by northern dynasty. The pebble project is the most significant, underdeveloped copper and gold resource in the world, pretty decently sleek website their their latest news. Article was on january 27th of 2021, saying northern dynasty releases request for appeal of pebble project, permitting decision, we're just going to check this out really quick, and then i'm going to show you this next article, which is why i think this is a good swing trading.

Opportunity so just the first couple paragraphs here, northern dynasty, minerals reports it has posted to the company's website. It's 100 owned us-based uh dynasty, a us-based subsidiary, pebble, limited partnerships, request for appeal of the us army corps of engineers, recent issuance of a negative record of decision for alaska's pebble project. There are some very compelling arguments persuasively presented in the pebble partnerships rfa, and we encourage all our shareholders and other interested and responsible resource development at alaska and the united states to review them carefully said northern dynasty president and ceo ron tyson. We believe our submission clearly demonstrates that usace's record of decision for the pebble project is contrary to law, unprecedented in alaska and fundamentally unsupported by the administrative record.

A full version of the pebble partnerships. Rfa can be viewed at this link and essentially what they're trying to do is request for appeal of permit denial and uh this. This is very interesting stuff. This is a long long long.

We don't have the time to read through all these guys, but uh there's another little piece here that i want to show you, and this is why i think we are seeing a great buy opportunity for the stock guys. So this is pretty pretty drastically oversold and it's presenting you with a good opportunity to make some cash quick on this stock, if you're interested in doing so - and that is this knack deadline tomorrow, this is posted february, 1st 2021. So, let's apply it to yesterday. Yesterday was the deadline february 2nd, as today is the third higgins berman alerts, northern dynasty, minerals investors to lead so haggins berman urges northern minerals dying, dynasty minerals, investors to submit their losses.

Now a securities fraud class action is pending before the u.s district court. For the eastern district of new york and certain investors may have valuable claims class period december 21, 2017 to november 25th, 2020. The lead plaintiff deadline was yesterday. The lawsuit alleges northern dynasty and senior executives misled investors about the viability of the company's proposed pebble project.

A large mining project in alaska in past quarters northern dynasty repeatedly touted its progress in obtaining the necessary permitting for the pebble project. The company and senior management also repeatedly assured investors that the pebble project, design included a substantially reduced development footprint and meaningful new environmental safeguards and, as a result, would likely receive necessary permits from federal state and local regulatory agencies, and i'm assuming. This is why this stock took a pretty hard hit right now, i'm not suggesting you guys get into the stock and hold it for a year after reading, something like that. I definitely would not recommend it uh, but i would recommend, if you're looking for a couple day, opportunity to make some cash here.

The opportunity is there. This was drastically oversold if you were to look at this purely from a technical standpoint right purely at the charts and take it take a gander at the pullback we saw that was a very harsh pullback guys that was a lot of red candle action. We pulled back from being drastically overbought 73 on the rsi indicator down to a low of 38 and that's a that's a huge swing. You're looking at about a 40 point swing there.

So we did see a nice bottom which was right about here, and i do like that quite a bit, because there are some candle wicks, indicating that that was some pretty weak selling pressure. Buyers did step back in to keep the price up, which i do like to see quite a bit, and we did work our way back up here to the 78.6 percent retracement, which is good currently up in the pre market sitting at uh. What would it be? 62.6 cents, which is not bad and closed the day at 62 cents, what's a good entry point for this stock, based on the information that we have right now? Well, let's check this out. We can look at previous retracements and get that exact idea.

So if we trace the stock again right, we do see a candle wick that touches down here at 78.6 and then holds extremely well at 61.8 right, so keeping that in the back of our minds, we can see that it is possible that we have. We follow that trend and retrace up to 61.8 percent, so i don't find it likely that we drop much lower than this, and i i say that because of a couple different reasons, we've got the retracement as one confirmation and beyond that we do have a nice Ascending level of support right here - and i will show you that we've got one two three four, five, six, seven, eight nine different touch points, so that is very significant guys that does look extremely extremely clean and uh. That stands out to me as a good level of support, a good uh, ascending level of support and on the flip side guys we have a descending level of resistance, and this is typically a good sign of upcoming movement or price action on a stock. So we're gon na get as many touch points as we possibly can here and see what this will look like in the next couple of days and getting all the touch points available to us.

I'm gon na drink take this down as such, extend this out. So we've got one two three four different touch points here, and that indicates to me that over the next three days - or so this could be a three-day play today is wednesday, so wednesday, thursday friday. You could very well see this either break above or below. One of these trend lines, and if that happens, guys, that is where violent, violent price action takes place.

So this could end up being a three-day play. It could happen today could happen tomorrow could happen friday. But if i had to take a guess, you were likely to see uh a break above this trend line just based on the macroscopic price action that we are seeing on the stock. It is moving in an ascending, uh formation right.

We are seeing this move very cleanly that is typically a nice bullish indicator. I thought someone was knocking on my door. I apologize guys, but we were not. We've got a nice gap here between the 15 ma and the 200 ema, which is a bullish indicator as well nice gap here between these.

This typically predicts upcoming breakouts, it's very choppy price action right, which is why i recommend getting this as a swing play. I typically would not want to invest in a stock that has pretty strong. You know allegations um, you know, take it for what it is. If you enjoy, the company feel free to invest in them for the mid to long term, but i am presenting this as a swing trading opportunity.

If that is up to your interest - and this is a very safe entry point - because we have one nice level of support right here with one two, three, four, five, six, seven, eight nine ten different touch points just here on the one month chart. So we've got this nice level of support 61 cents, followed by this ascending level of support. That is following this nice trend line on the stock. So i do anticipate we're gon na break that and if we do, it should be uh.

It should be very nice. This ascending level, this descending level of resistance - we've got another level of resistance right here. So if we do end up breaking this over the next couple days, 75.5 cents is going to be the overarching high that you are watching for and to me this is a good nickel and dime play. This is a good nickel and dime play to make some quick cash, as we did just see a nice dip.

We buy the dips, sell the rips right, nickel and dime over time. Guys, you're gon na be able to make some good cash and turn your portfolio into something nasty. I want to share this with you real quick. If you make a 10 return on your entire portfolio eight times, you double your account.

If you make a 10 portfolio on your whole account 12 times you triple it. This is the kind of play that you are going to really grow your portfolio with, and i think you could do extremely well, so just a double down good entry point you're! Looking at right around here at 61.3 cents, nice double level of support with this ascending level of support in this pennant formation, as well as this, this traditional lateral level of support right here at 61 cents. So if you catch it slipping below this, i don't think it'll break very far beneath. If it does, you might be looking at a range of maybe at the very most you know a couple cents, maybe down to 58.

That would be my prediction just based on the price action that we're seeing here right. So this is how i'm getting that this is how i'm getting. That idea is all the price action. Let me see here, i don't see it dropping much lower than 56.5, but this nice level of support at 61 cents.

That is my prediction as to the low of the day, if we do break below that you're looking at maybe 56.5 at the very worst. So if you're looking at setting a trillion, stop loss, that would be where i would set it at there's, a hair below that, maybe at about 55 cents uh, and you should be good to go. So, let's change this over to the one day. One minute chart for some last minute looks at what we may see for some price action here on the stock and uh yesterday was was a bad date right, so it was uh.

We had that article come out. They did end up getting hit pretty hard, and this presents this opportunity to get into the stock with less risk. Honestly guys chasing plays is really fun because when you hit him, when you hit him good, it's a blast but getting to these plays where they just absolutely plummet, and you know they're being oversold and they're undervalued. That is an opportunity for you to really come in and have no risk with a lot of reward, and this was what this setup did for us yesterday.

So as it sits right now, this uh ticker symbol, nak does look like a great opportunity to have a nice swing trade. I would i would recommend getting in at about 61 cents if you are able to do so, and that is what i have for the video today guys if you enjoyed it, please drop a like. It really does help support the channel and consider subscribing if you'd like to see more content like this and lastly, i'm going to fill a link in the description box down below for weeble weeble is a brokerage platform. You're watching me use right now.

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