TradingView
wealth_bakery
Aug 7, 2020 2:48 AM

SONA.C -- Potential bounce opportunity from historical support Long

SONA NANOTECH INC.CSE

Description

SONA shaved off close to 60% off its recent highs after news of 2 week delay for FDA approval of their COVID-19 test kits. Nothing has changed fundamentally and, if you read the NR carefully, they are lining up more customers and shipping kit prototypes under research license. NASDAQ uplisting is pending as well.
The stock has landed in the historical support zone, almost exactly at EMA 50. Additional Fib support right below. This is a good speculative entry here for a bounce with multiple catalysts pending. A stop just below Fib. support may be a good idea.

Trade closed: target reached

Comments
wicked007
nice call - still feeling bullish after the Russia thing?
Bobby78
So what next with SONA...?
Bobby78
You called that one buddy, WOW you the man or wo-man...? :)
More