Charts are helpful when taken into context. 28 yrs of selling off might seem like a negative to a chart watcher, but in reality it is meaningless because it was caused by political radical dangerous environmentalists, and their political allies, such as the ones that they had in the EPA, crushing a needed SAFE mine.
But now those negatives that had been holding NAK down, are being countered and shown for what they are.
As for the recent lower highs and lower lows, which were in the process of being reversed, the coronavirus, which decimated all stocks because people had to sell everything in order to cover margin costs, plus the addition of panic selling, drove everything down.
But that selling never lasts. If you wait for the market to recover, you lose out at buying stocks at generational low prices that you will never see again in your lifetime, or even your children's lifetime.
Where to get in???
Look for a reversal, which, as you state, IS HERE!
We had a GAP UP, and have gone up from there.
It may back off, and the market may back off, but the coronavirus is in the process of being contained, and even if we go down some, it won't be at prices much lower than this.
And forgetting about the market in general, NAK is showing real strength. Now is the time to buy in for an excellent entry point.
If you want to wait, fine, but you might want to at least dip your toe in the water and buy some shares here.
Look at the chart, look at the gap up, and as was just said, "see the reversal setup on the chart"
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