NanoXplore Inc T.GRA

Alternate Symbol(s): NNXPF

Chemicals Basic Materials

NanoXplore Inc. is a Canada-based graphene company. It is a manufacturer and supplier of high-volume graphene powder for use in transportation and industrial markets. It provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Its Advanced materials, plastics and composite products segment provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Its Battery cells segment provides silicon-graphene-enhanced Li-ion battery for the Electric Vehicle and grid storage markets. Its products include GrapheneBlack powder and graphene-enhanced masterbatch pellets using its extrusion capabilities that support various polymers. GrapheneBlack powder is suitable for a range of applications, it is especially useful for improving the properties of plastics and polymers.

TSX:GRA - Post by User

NanoXplore Inc > From the Bull & Bear Report Target $5.10-$5.30 in 24 days

<< Previous

Bullboard Posts

Next >>

Post by savyinvestor333on Feb 10, 2021 6:56am

174 Views

Post# 32522244

From the Bull & Bear Report Target $5.10-$5.30 in 24 days

NanoXplore Inc forms bullish "Symmetrical Continuation Triangle" chart pattern
Feb 09, 2021

Trading Central has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on NanoXplore Inc (GRA:TSXV). This bullish signal indicates that the stock price may rise from the close of $4.14 to the range of $5.10 - $5.30. The pattern formed over 24 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.