Nanofilm: looks prime for a breakout!
From early this year to mid March, we can see the formation of a descending wedge. The ticker has been consolidating within the wedge ever since.
Price finally broke out 2 days ago and we see a retest of the price at the top of the descending wedge.
9EMA and 21EMA are about to cross on the day charts, which is more bullish confirmation.
Looking to enter this tomorrow. 1st target price is previous high of 5.48, and a good stop loss would be beneath the wedge, ~4.6 level.
*I am bullish of this stock in the long run, the fundamentals and business prospects looks promising.
Price finally broke out 2 days ago and we see a retest of the price at the top of the descending wedge.
9EMA and 21EMA are about to cross on the day charts, which is more bullish confirmation.
Looking to enter this tomorrow. 1st target price is previous high of 5.48, and a good stop loss would be beneath the wedge, ~4.6 level.
*I am bullish of this stock in the long run, the fundamentals and business prospects looks promising.
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