Oh, this looks so nice. Oh man, i'm excited about this one. What is up everybody welcome to the trace trades. We have technical analysis on different stocks in the stock market, as well as potential buy holders sell opinions on these given stocks.

I, like your purpose by saying that i am not a financial advisor nor expert, so take what i say with a grain of salt. The reason that i started this channel is because a couple years back, i was about 30 000 deep in some medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard and invest my money and i'm happy To say that not only am i not financially free, but i'm doing pretty well for myself at the age of 23. So if i can pass on any of the information resources or tools that are given to me, make a couple people better off here in the community than they were before. That's all that i can ask for.

Lastly, if you want, i might drop a like on the video, it really does help support the channel and consider subscribing if you like, to see more content like this, as i do post videos every day now, today we're going to be giving an update on ticker Symbol and akd naked brand naked brand group ltd, and before we get going, i just want to give a quick shout out to the guys over the patreon we have had some new members join us evan, jacob kevin pete, bro boy, danny david jordan, david kennon. Thank you guys so much for the support you guys rock. They will have access to the private discord as well as real-time insight to my personal trading, and this discord is full of nuggets guys. We have different uh chat rooms for specific stocks.

We've got watch list, stocks patterns and indicators, walk through feedback, buy or sell ideas. We've got just a chat bar, it's an awesome community and, if you're interested there's a link to the patreon in the description down below uh watch out for the spam account. That is not me, you'll know it's not me because he doesn't have that great box around his name. Uh, don't call that number don't buy his crap report, the account if you can we'll be cooking with crisco, so let's just get right into the stock.

Today, we're going to be running through naked as a swing trading opportunity. I did present this earlier. I just want to disclose that i do not have a position naked at this given moment. This is my current portfolio, so i'm just giving it to you.

How i see it we're going to talk about this from a macroscopic perspective? Look at the volume i've got a couple. Different indicators pulled up the rsi, which is the relative strength index, anything over 70 being overbought anything under 30 oversold. I do have the 200 ema. The exponential moving average pulled up - and this is a 200-day valuation trend line based on price action over 200-day period and the 15-day vomit, the volume-adjusted moving average, which is the same thing over a 15-day period that adjusts the trend line according to overall volume.

That's pumping into a stock we'll take a look at the levels of support and resistance that we're working with uh, some different uh bullish or bearish indicators or patterns that i'm seeing on the charts and then we'll look at this from a one day. One minute perspective, but if you're not familiar with what naked is we'll just give you a quick rundown on marketwatch, they operate as an apparel and swimwear company. It designs manufacturers and markets, a portfolio of company owned and licensed brands catering to a broad cross section of consumers and market segments. The company's brands include benden bendenman, davenport, fairform, hickory, lovable, pleasure state and fredericks of hollywood.

That's amazing! Those are interesting names. I i like uh, i like bending man, bending man, let's go on stock twists. They do have 45 000 followers down about one percent in message, volume up in sentiment up in price, and i think the sentiment is up for good reason, because it looks primed and ready to do some pretty solid things. I'm not minding this at all.

This looks very very nice. It looks like we are going to have a little bit of a run here in the pre-market. However, you know you never know the pre-market it might, it might uh it might bleed into the day, but we'll just run you through everything. I'm seeing here so if we look at the rsi indicator real quick, this has been in a little less than neutral territory.

For the last couple of days, a little bit of consolidation happening not a lot of price action, not a lot of upward movement, but it does look like. We are approaching that 70 mark on the rsi indicator, which has a swing trade, which is how i presented this stock before. That is a great opportunity right. So you want to you, want to sell, as close to that 70 mark on the rsi indicator, as you possibly can, because that means you're getting the most bang for your buck, you're buying it at an overvalued price, you're buying it when a lot of people are Pushing the stock, it does look like we're approaching that 70 mark, so this could be an indicator of things to come today, uh looking really nice there, we do have a nice gap between the 200 dm and the 15 day vomit on the charts.

This happened way back here on january 4th and it has been off to the races ever since that looks really really clean. I don't mind the action here at all. We did have a bullish flag formation pushed through that top trend line uh, which is very, very clean. This looks honestly as good as it gets and then we push through it and it honestly looks like we have that same exact formation happening right now, um i'll drop a triangle real quick just so this is super easy to see.

We'll draw this out, pull it out to the side, and it looks like we honestly already pushed through that trend line here. So what you're looking for is a push on the top part of the trend line of a stock, and once you do that's typically an indicator of bullish movement, it's usually pretty pretty violent movement on a stock, so um. If this does come to fruition. I do anticipate that we're going to see some pretty nice price action today on naked and when i presented this to you guys, you know a couple days back um we were starting the beginning of that bullish flag and it did play out pretty nicely.

This doesn't look bad whatsoever and it does look like you're pushing the top of that downward trend line, channel and uh. I could see us pushing some pretty solid price action on this, so just based on what i'm seeing on the charts right now, we do have a level of support sitting right now around here at 50, or a level of resistance at 54.8 cents, currently trading at 50.7 cents so we're going to want to push through 53 and 54 and then you may see a retest of 60 cents. You know typically the price action and the movements are pretty nice and harsh. So i do expect a little bit of volatility.

You're going to be looking for some nice volume today, the volume has been down the last two days and that indicates to me that a lot of people aren't really pulling out of this stock. So when you see a lot of green bars like this right, like look at all this green action, there's not a lot of red bars to back that up. So that leads me to believe that there are still people holding onto their position in the stock waiting for the next leg up, and i do think we are set up pretty nicely for that next leg up. So it does look nice right now, based off of what i'm seeing and guys this looks really familiar to when jx had a filthy run-up two bullish flag formations, uh and honestly, i think you'll likely see that another similar situation with jag x but anyways.

That's a great example of what that's kind of looking like we're. Seeing that same two bullish, flag pattern happening right now, so we may be seeing another run up in the near future. I do feel good about how the charts look right now the rsi indicator has been pushing that you know oversold territory on the day, don't mind that red bar that's funny, as i was saying that, but it's not looking bad. I think.

I think that that naked is set up to do some good things for the day um. If we do continue through that trend line, it should be a positive day still looking bullish. Macroscopically speaking, if we change this to a two-day one-minute chart, you are looking at uh. Let's take a quick peek, we're looking at bullish territory yeah.

We have this cross a nice crossover on the the vomit over the 200 ema. That's an indicator, so we've got double confirmation here that we are in bullish territory on the stock, so that looks very nice and clean uh. It looks like that red bar was not not not right at all. I don't know why that popped up, but um ours indicator we've either been neutral or over bought, which is absolutely beautiful for the pre-market you're.

Looking for that, that does indicate to me that there's some buying pressure right now and the candles if we take a quick, peek and zoom in on this red candles, have some wicks underneath them. That indicates a little bit of weak selling pressure to me and uh. You know we do have kind of a mixed bag, so there's some some long works on the green candles as well um. So this could go either way.

Still i'm not 100 sold that it's going to be an upward moving day, but it is pointing that way. We do have quite a few confirmations saying you know there is a little bit of buying pressure happening right now, so just keep that in the back of your mind, yesterday's price action, we did have a little bit of a head and shoulders pattern. Here's the head right here - and this is usually a bearish indicator, so what you're looking for is one big peak, followed by two peaks that touch it at about the same level. This isn't a super clean head and shoulders, but uh we did bleed a little bit.

The rest of the day after that so do keep that. In the back of your mind, we did have a double bottom as well, and this is a bear, a bullish indicator. So that is something to keep in mind. I always call this the george debbie w for winning and uh, typically that double bottom or this w shape right.

That is a bullish indicator. It didn't play out yesterday right, but it does look like it is coming into effect today. So we do have a couple different indicators, besides this head and shoulders pattern, saying that we should see a trend reversal on the stock and it does look pretty nice what i'd be watching for you know potential entry or exit points if you're looking at this as A swing trade, you know: maybe you can enter if you see it slip back down to that 47 cent range and watch for a push through these levels of resistance at 53, 54.8 and 60 cents. If you do see a push through 60 cents, you can let it ride, ride the momentum, but to me this stock isn't quite set up.

You know i haven't seen any news catalyst coming out on naked. It's not quite set up for a jag x kind of run so be be content, locking in 20 30 profits on the stock. Something that i find very interesting is a roth ira manager right you're, going to do really well getting 10 back annually on a roth ira, but uh if you can lock in 20 on one trade with with naked right. Don't do this, but, hypothetically speaking, if you put your whole portfolio in the naked and rolled this leg, up, um you'd make more you'd make double what your auth is going to make you in a day.

So so that's just keep that in the back of your mind, you have to nickel and dime stocks. This is uh. This does look like a great opportunity to make some money. The charts are set up a lot better now than when i presented this to you.

A couple days ago, you know we did bleed for a little bit, but we have some nice price action to confirm that hey. This looks like it was the bottom of that bleed out and it does look like we are moving in an upward direction right now. So that is my update on ticker symbol, nakd naked brain group ltd. If you guys enjoyed the video, please drop a like.

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Peace.