Chart source: Poemsview 18th may 2021
Nanofilm corrected about 15% from the high of $5.50 to the low of $4.70. The $4.70 support has been tested twice last week and it looks like its holding for the time being. Could a rebound be in sight? It has been consolidating around this price range for the past week and if this holds we might see a nice rebound in sight.
Nanofilm is on our radar and we were glad that the previous times it moved to our favor.
Our support and resistance level are drawn up and if it manages to break above that downtrend line we might see a reversal in play.
What are your thoughts on nanofilm? Share it with us!