A Gem (NAN) from within Healhtcare Sector (XHJ).

Nanasonics (NAN.ASX) is the focus of this post with clearly marked support as well as resistance levels to watch. On the upside I see the high of the current week which has just ended as a RESISTANCE LEVEL to watch which is around $7.00 and the recent climax low at $4.00 as a SUPPORT to watch.To this effect,box drawn in Orange reflects the anticipated congestion boundaries going forward.Tests and retests of those two levels are expected until we see further moves in either direction ( up or down). Being in a MAJOR UPTREND may suggest a continuation of its major trend once the pattern/box resolves itself.

A nice watchlist stock for now, awaiting a retest of the support level of the Orange box over the weeks ahead. Yes, V reversals are also fact of life and what is expected may not unfold but if it did it may create a medium – long term opportunity for a┬áre-entry to NAN.

Disclaimer All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice. Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration. Links to other websites are inserted for convenience only and do not constitute endorsement of any of the material on those sites, or any associated organisation, product or service. Kazim Agaoglu is not responsible for the content of any site owned by a third party that may be linked to this website and such links are provided as a courtesy with no judgment or warranty being made concerning the suitability, accuracy or otherwise of the content on any such site. Kazim Agaoglu disclaims any undertakings, warranties or guarantees, express or implied and shall not be liable for any loss or damage whatsoever arising out of in connection with the use of or reliance upon any of the information on this website. The user accepts sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.

Comments are closed.