Post by
Starsearcher80 on Jul 05, 2023 1:50pm
SHARE PRICE PROJECTION
This is just my own expectation for the share price, incorporating all that I see for the stock.
1) In the short term, I think we'll see a quick advance up to the $3.90 level, which is known resistance.
2). While this resistance level is known, the circumstances surrounding this resistance has now changed. We are now very close to Candiac coming on line, which is an absolute game-changer for the stock. With that, I expect the $3.90 resistance level to fall quite quickly. This will also be the 34rd try at this level, and as the saying goes, 3 (is often) a charm.
3). The breakthrough of the level will bring a lot of additional eyeballs to the stock from the technical analysis crowd. This will also bring in a lot of additional buying.
4) With Candiac, I think we're going into a period of a lot of news releases for Nano, each of them substantiating progress. What will REALLY propel the stock is validation from the car companies. While this might take a few more months to come to fruition (I would say Ql 2024), again I think we're going to se a LOT of anticipation buying.
5) One other VERY significant event is also worth mentioning is a probable Nasdaq listing. I absolutely do expect this to be in Nano's future, and I would guess either late Q4 or early Q1. Will this make a difference? Yes, it typically makes a huge difference, although I want to put in a caveat here that ultimately the company rises on its own merits.
So all things considered imho, I'll give a short term price projection of $7.00 by this December. This alone represents a massive gain over the current share price. But even more important for myself, I believe the share price in both the medium and longer term will be much MUCH more.
Enjoy.
Comment by
Urallsheep on Jul 05, 2023 4:25pm
Very nice layout here with ur projection however the company does not meet the criteria for a listing
Comment by
PierreC on Jul 05, 2023 5:41pm
Very Interesting work of analyse. I Aldo see the same for this year... And I Also Wait for more info|data after the 7$ level. It's quite impossible to evaluate now and I dont want to make "wish projection"... I'm seeing a large pontentiel too!