Here is an idea for NAK Long. Buy at the double bottom at $1.63. Put in a limit order for $1.64 and see if the 0.618% FiBo and double bottom hold. IF NOT, low risk, sell at $1.60. Miners have been selling down the last week and should be almost ready to turn higher.
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My limit order for $1.65 just missed. Low so far $1.66. I'm not convinced the lows are in yet.
Honestly, NAK is moving forward with development and I would not want to be out of it when it does. I would still be buying on the way down if I could.