After the potential August SPRING ACTION BEAHAVOUR, NAN has been leaning on the zone of resistance at $2.70. A FOLLOW-THROUGH on today’s bullish behaviour ( weekly chart shown please refer to your daily chart) would mean a BRAKOUT and a potential test of the next level of $3.20 – $3.40
OBV at the window below is supportive of the bullish stance also. Ratio analysis at the bottom window suggesting a relative uptrend of NAN against XAO.
2nd Correction : Dates on the Black Monday post as marked on the chart should be 15/10/1987 and 19/10/1987 not 15/09/1987 and 19/09/1987.
Disclosure : NAN held with medium to long term view.
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