AngusMcK
Long

ASX:NAN - Might be heading back up.

ASX:NAN   NANOSONICS LIMITED
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Quick Sunday night look at NAN and see where it might be heading.
Comment: As a follow up, you can see that it was heavily sold off in the premarket before opening on Monday morning, where it did indeed have roughly a 3% gain for the day, but then was again massively sold off after hours and has continued its downward decline ever since. I didn’t take the trade as I could see on the opening sell off that there was still downward momentum despite signs of a short term rally.

Comment: Convincingly broke above $4 today and maintained it on the lower level 15 minute chart. Will be interesting to see if it can maintain $4 as its new support level over the next few days. It was up over 12% today to get there and not a lot of market depth on the buy side above $4 so have to see what happens.

Comment: Nice little 5%+ gain today. Its giving back some ground though towards the close.

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