This Penny Stock Bounced At A Key Technical Level And Is Hea

This Penny Stock Bounced At A Key Technical Level And Is Heading Back Up


On April 23, shareholders voted for approval of the proposed transaction to divest Bendon brick-and-mortar operations.
Below is a chart analysis on the 15-minute timeframe. Click Here to see the zoomed-out daily chart analysis.
Naked Brand 15-Minute Chart Analysis
Naked Brand's stock was able to test and hold a key level as support where it has previously held as resistance. The stock has been forming higher lows throughout the past six months.
The stock is trading above both the 50-day moving average (green) and above the 200-day moving average (blue) on the 15-minute timeframe, indicating the stock’s short-term sentiment is most likely bullish.

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