Technical Pulse: Nanofilm Technologies International Ltd April 5, 2021 1127

Nanofilm (SGX: MZH) corrective move is set to end based on the recent technical shown:

 

  1. The falling wedge is a continuation pattern of the upside from November 2020 to January 2021.
  2. Nanofilm has been on an uptrend since October 2020 and the falling wedge is just a continuation of the upside trend.
  3. Prices has first broken out of the falling wedge and a throwback, follow by breaking the immediate resistance level at $5.10 with a strong bullish candle last Thursday.

 

*Timeline of the trade is 6 weeks from the date issued.

 

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!