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NanoOne Materials Corp. (TSX-V: NNO, OTCPK: NNOMF) To Once More Assault Its ATH

NanoOne Materials Weekly Price Chart

We have a long history of proposing Nano One Materials Corp. (as NNOMF on the OTCPK market) as a long term investment and subsequently identified a follow-up breakout of NNO on the TSX-V market and the price objective that has been reached shortly thereafter. Since March 2018 the stock price action has been to consolidate and more recently to stabilize. There is now a breakout from a 6-month consolidation pattern accompanied by a very clear dynamic non-crossover of the moving averages that portends another assault in direction of the previous all-time-highs at the CAD 2.6 (NNO) or USD 2.0 (NNOMF) price level and that is expected to predispose the stock price to finally find its way higher. On a daily basis there is a possibility for the price to set back in the 1.5-1.6 area before bouncing higher. The present price level appears attractive to open long-term long positions with a stop level in case of a weekly close below the circled moving averages.
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