NAN Revisited.

Daily chart of NAN.ASX where I have highlighted the last two bars of interest. What has been completed at the last bar  and what may be the expectation now ?

In terms of pullback/correction there has been a clear rejection at 50 as well as 62 % Fib retracement levels on EOW ( end of week) closing basis price closing above both levels. I wonder what may be the SMART MONEY up to with NAN ?

This new low of Thursday is treated as a CLIMAX of last leg down, unless proven otherwise with a new low lower than that of $2.45 which was made on Thursday.

Will we see a meaningful short covering rally if some short stops are hit soon ?

Disclosure : NAN held.



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.