#NanoOneMaterials has signed some great deals this year:
#RioTinto
#EuroManganese
#JohnsonMatthey
I'm curious if the share price will take some positive action in this years last quater?
After touching a 2 years low in May it did a good run till August. Since than the share price was cooling down and tries the next run to the resistance at about CAD 3,3x
If...
This head and shoulder bottom has taken 5 months to complete and it ais a classic head and shoulders and should break out and run for the next 5 months higher to approximately 4.10 from now 2.50
64% move up in 5 months. The news also supports the move Nano One has made 3 major announcements over the past 5 months.
Chart pattern shows a long and hugh drop in price. Which has bottomed and turned.
This pattern is not a short term chart analysis but a pattern when seen in other stocks has produced mega moves.
Fundamentally - LFP auto battery is the direction that auto manufactures are taking for cost, safety and durability. Nano-one have two of the most knowledgeable...
We saw an extended consolidation in price as well as time since the all time high. Now the stock has formed a bottoming pattern and is starting a breakout attempt. We could see a violent sympathy move following Tesla (as SolarEdge and Enphase already did) with a new all time high.
NANO - Monthly chart should be closing in to a near term bottom of wave 4. I like initiating a 1/5 position here with a max 3% allocation for this ticker.
Entry 1: $3.79 (1/5th position of the 3% allocation)
Invalidation level: $2.40
Long term PT: $8.43 - $10.29 for wave 5.
This little company comes up with a way to improve battery performance and in most times it would not be exciting. But with the rise in Tesla it has attracted attention and there are signs that major battery mfg. have interest utilize these patents to improve battery performance.
Certainly the story is a good one and there are spurts of interest appearing...
MACD has confirmed uptrend
The chart pattern has consolidated
The company has raised money to expand
They have hired top CEO to carry them to the next level
price action getting tighter and tighter in this channel....they have undisclosed partnership with multi national vehicle manufacturer. $NNOMF is a lithium ion cathode producer.
