After my exposing what I think Fishinnick potential shorter's post about 2H18 R&D spend of 48mill instead of maybe 4.8 mill I decided to do some chart analysis.
Over the last year NAN seems to have completed a double bottom and recently seems to be forming a breakout pattern .
The previous 2016 high was 3.60. I personally think that the pattern forming since April is indicating that from a low of of 2.26 and the recent high of 3.35 that once the 3.60 mark is broken that the potential exist for the SP to rise to 3.77 or maybe 3.90 and then maybe 4.02. Have a look at the weekly charts strong performance with only a 2 week pull back.
Need a pullback to form a final rally.
Won't the shorters run if I'm right.
Good luck folks
cheers Lies
NAN Price at posting:
$3.03 Sentiment: Buy Disclosure: Held
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