Naked Brand Group LTD. (NASDAQ:NAKD) moved higher Friday after the company announced results from its "extraordinary general meeting."

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

Key Levels To Watch

• After crossing back above the $0.60 level, the price was able to rise up to around the $0.75 level before falling back down.
• Now this $0.75 level may hold as short-term resistance as the stock has struggled to get over this level short term.
• After being able to hold the $0.60 level, the stock may be able to find support at this level again.

What’s Next?

Bullish technical traders would like to see the stock break above the resistance line and consolidate. Consolidation above the $0.75 level could let the stock see a higher push.

Bearish technical traders would like to see the stock fall back below the $0.60 level. If the stock is able to fall back below this level, it could see a steep downwards drop.