Nordic Nanovector to make a new attempt at breaking downtrend?

Technicals:
Nordic Nanovector retraced from recent high to fill gaps down to support at NOK 48, which triggered a strong reversal pattern.

Investors will be keen to follow if the stock establishes a trading range above 53 NOK which would represent a breakout from the recent downtrend, and even more if the stock could possibly break free from the almost two year long main downtrend from ATH in december 2016.

Fundamentals:
Reversal could be helped by this weeks news that Nordic Nanovector will be presenting three posters at this years ASH conference.
nanoinvestors.wordpress.com/2018/10/02/nordic-nanovector-to-present-betalutin-posters-at-ash-2018/

At the same time Jefferies Financial group published a BUY recommendation for $NANO.OL with target price 115 NOK, representing a more than 100% upside from todays level.
nanoinvestors.wordpress.com/nordic-nanovector-analyst-coverage/

Nordic Nanovector was also mentioned as a possible target of M&A interest by nordic brokerage ABG Sundal Collier
nanoinvestors.wordpress.com/2018/10/04/nordic-nanovector-mentioned-by-analyst-abg-sundal-collier-as-likely-object-of-ma-interest/