Chart source: Poemsview 21st May 2021
Nanofilm a stock that we just posted three days back saw a nice rebound after dropping 15% . This rebound saw a nice 4% upside in three days. It has now reached the downtrend resistance line that we were talking about in our previous post. At the same time, it is also currently sitting at the 20ema so a break above that might signal more upside. Volume is starting to come back as traders start looking for a bargain. We’re quietly optimistic that this resistance might be overcomed.
Our next upside potential target is around $5.22.
Hope you learnt something from our post! Did you manage to catch the rebound for Nanofilm?