Those Who Remain So many times we touched $0.70CAD and it proved itself as a powerful support level. It was always understood that $0.70 was a very important support level.
After breaking below $0.70, it was not long before $0.60 was subsequently broken. $0.60 demonstrated itself to be a relatively weak support level by comparison.
But today and for the past few weeks, we now look up at that important $0.70CAD threshold. And just as $0.70 was a powerful support level on the way down, it is now acting as a powerful resistance level on the way back up. It is anyone's guess what it will take to covert $0.70 back to a foundational support level.
It is difficult to envision Nano breaking up through $0.70 CAD organically. I would suspect we will require some major news to break back above $0.70 with sustain.
Such are the times we now find ourselves. Even as recently as 2H 2024 it would have been impossible for Nano investors to believe we could be without any offtake contracts by now and furthermore inconceivable that we could be looking up to $0.70 CAD as a powerful resistance level. But alas, here we today stand.
There really is nothing that can be done at this point. The damage has been inflicted and the damage is severe. The damage may be over or the damage might just be getting started. Nano will either boom or bust from here; and I'm not confident to place odds on either outcome. I pray for the former. But that is the best I can offer: Faith in Nano and Dan to deliver on what has been so long predicted with confidence by the loyal investor base. Fortunately, hope dies last. Which helps cope with the current state of affairs.
"Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times." - G. Michael Hopf
Those Who Remain