NANO strong momentum after reversal at bottom of long downtrend

Norwegian smallcap biotech Nordic Nanovector recently had a major capitulation event after touch the bottom of yearlong downtrend fueled by weak biotech sentiment on Oslo stock exchange as well as a pronounced distrust to CEO in the norwegian investor community.

After former CEO Lugi Costa resigned sentiment has changed drastically, and the stock looks poised to make a leap back to the old NOK 68-94 trading range. Close above NOK 64 the nearest days would be a strong buy signal.