I am expecting ANO to move higher in the next few trading sessions. Price has been getting supported above the 200SMA and 50SMA and has been consolidating and volume is also picking up. Price initially broke out of the Bearish Trendline with very High Volume and MACD has also crossed, giving a Bullish signal. My trade plan is as follows: TP1 - $$4.60 (potential...
Descending wedge formation. Will be keeping a close eye on this one for a bounce lower off the trend. Alternatively a break above could signal a new trend. I'd be looking for the new trend to for before entering so a clear break above 4.99 resistance will give me the confirmation. Point of control converges right on the trend line so expect strong move either side.
Interesting setup (C&H?) through $7?
Just about to pop. A close above $6.60 will see a continuation of the move up
I think this is what sensai calls a cheat. perfect little vcp.
ANO - sunscreen maker. new base break. flag. bullish trend, rsi
After a long period of consolidation its been having a nice run of late. RSI is probably a bit high but has pulled back so might be a good time for an entry if it retests the previous high and runs again. Worth a watch. Advance Nanotek Ltd, formerly Advanced Nano Technologies Limited, manufactures aluminum oxide powder, zinc oxide dispersions and zinc oxide...