Nano down before up again
Got to mention I'm new to Tech Analyzing. Please comment. Negative and positive feedback is appreciated.
I think Nordic Nano is on a retracting downtrend until the support line around 56. Also period with no news, loosing short-term investors. Head shoulder pattern leads the shortterm downtrend. Grey rectangle is refill area(from the fibbonacci). I'm long this stock. Fundamentals is still really good, so it will come up again following the red uptrend channels. Their medisin works, no real competitors as I know of. People from Algeta-success started this company. Forum people talking about goal around 1000 NOK in 2019-2020 when medisin is expected ready for the market.
I think Nordic Nano is on a retracting downtrend until the support line around 56. Also period with no news, loosing short-term investors. Head shoulder pattern leads the shortterm downtrend. Grey rectangle is refill area(from the fibbonacci). I'm long this stock. Fundamentals is still really good, so it will come up again following the red uptrend channels. Their medisin works, no real competitors as I know of. People from Algeta-success started this company. Forum people talking about goal around 1000 NOK in 2019-2020 when medisin is expected ready for the market.
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