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Let's take a few seconds to check out the charts of NLOK.
In this daily bar chart of NLOK, below, we can see that prices exploded on the upside the past two days and soared above its late August zenith. Prices are trading above the rising 50-day moving average line and the rising 200-day moving average line.
The On-Balance-Volume (OBV) line made its low in late November and its subsequent rise tells us that buyers of NLOK are being more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line and just crossed to the upside for a new outright buy signal.
In this weekly bar chart of NLOK, below, a three year sideways pattern centered around $21. Declines below $21 have been relatively short-lived and have been buying opportunities for longer-term investors. The OBV line shows a rise from late 2018 to the beginning of 2020 so we know that buyers were more aggressive and the declines below $21 were bought.
The OBV line shows a slight drift lower from early 2020 so I do not consider it a pattern of aggressive selling, especially since prices have moved sideways. A weekly breakout over $28-$29 will be very bullish.
In this daily Point and Figure chart of NLOK, below, we can see that the X's and O's are projecting a potential upside price target in the $36 area.
In this weekly Point and Figure chart of NLOK, below, we can see a very long and durable uptrend. This chart suggests a price target in the $38 area at this point in time.
Bottom line strategy: After the steep rally of the past two days we should expect or anticipate that NLOK could trade sideways a bit before resuming its advance. Traders could use this anticipated period of sideways price action to probe the long side. Risk to $22.50 for now. The upper $30's is our price target.