RE:POWERFUL START AND SET TO RUNWell the $3.95ish resistance held, now for the second time. What I would like to see from here is some holding ability in the $3.75 range, rather than a further retracement down to the $3.53ish level as we had the last time.
If we can accomplish that here, and now see $3.75 become a floor area, then the tightening pattern to the $3.95 resistance remains in place, with the 3rd attempt (again, we've now had two valid attempts at this level) typically being the breakthrough.
If we do get a further retracement from the $3.75 level, then the stock has a higher likelyhood of being somewhat range bound. Now, this isn't a horrible thing. More just an indication that the stock is more "comfortable" trading in the range, at least for the time being. And even if that is the case, I still maintain that Nano will move up all the same...just on a possibly slightly slower timeline or as news presents itself.
Yes, we all would prefer that instant gratification. At worst here, "slighly delayed instant gratification". At best, the current $3.75 beomces the floor and the stock moves up for the 3rd and hopefully final breakthrough of the level.
All good.