NRDS had a very impressive rally from the buy zone up to the red resistance line. There has been a lot of shady price action along the way, and I think NRDS is an extremely manipulated stock with insider trading. Some of the older members will remember the price suddenly dropping from $9 to $7 and rebounding to $10 within minutes. I think NRDS will continue to have tricky price action because of this insider trade activity. However, NRDS still managed to have a nice rally up to the long-term price target. NRDS is trying to flip $16.09 into resistance here, and the key target is the red trendline, which slopes downward so the price will decrease over time. The red trendline currently gives a price target around $17.66.
Want more of my content?
Check out my YouTube and Twitter updates across all financial markets
Join my exclusive Discord community for swing trading, options trading, and long-term investing.
There is a free trial period for the group
Links👇
Check out my YouTube and Twitter updates across all financial markets
Join my exclusive Discord community for swing trading, options trading, and long-term investing.
There is a free trial period for the group
Links👇