Are we ready for nanotechnology?

I am!

I’m buying and storing $TINY starting today.  This may have to be a longer term hold to give it room to flex.  Perhaps a replacement of my former $USU position trade?

Take a look at the $TINY daily chart below:

TINY_daily

Price action has just been recovering from a correction.  Is it ready for the next leg up?

Weekly chart below shows that price action has broken out of the intermediate-term downtrend line and is consolidating currently.  I like to see the weekly price bar to stay within the Andrew Fork uptrend lines.

TINY_Weekly

Monthly chart below shows that $TINY has come a long way from the top.  Is it ready to head back up?

TINY_Monthly

If nanotechnology is coming back, we may be seeing a bottom here.

Btw, this is why I bought $HW also.  $HW apparently has a division that owns patents on certain nanotechnology.  $HW is one of the company that make up the composition for ETF $PXN (PowerShares Lux Nanotech Portfolio.

What does the daily chart on $PXN look like below? My guess is that it is ready to take out the resistance line soon.

PXN_daily

My 2 cents.



Categories: PXN, TINY

Tags: , , , ,

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