The technical summary data tells us to buy NKTX near 4.89 with an upside target of 8.19. This data also tells us to set a stop loss @ 4.88 to protect against excessive loss in case the stock begins to move against the trade. 4.89 is the first level of support below 5.71 , and by rule, any test of support is a buy signal. In this case, support 4.89 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of NKTX as it gets near 8.19 with a downside target of 4.89. We should have a stop loss in place at 8.21though. 8.19 is the first level of resistance above 5.71, and by rule, any test of resistance is a short signal. In this case, if resistance 8.19 is being tested, so a short signal would exist.