( click to enlarge )NANO made a significant bearish momentum today, bottomed at 12.55 and closed at 12.67. This fact should be seen as potential further bearish reversal scenario with technical target around 12.14 and 11.90. The bias is neutral in nearest term as we might see dowside correction. CCI is in overbought area and heading down on daily chart suggesting potential downside pullback testing 12 area. As long as price stay above that area, the bullish scenario should remains intact. The stock still facing a key resistance at 13.50 levels. I recommend a buy only when the stock breaches this resistance.
( click to enlarge )CTIC reversed strongly to move to my short-term support at $1.13. Although this trend is not encouraging, the near-term outlook stays Bullish till the stock closes conclusively below $1.055 on heavy volume. A cautious bullish bias is warranted above the breakout point of 1.01 with focus on 1.055. In addition, the short term technical indicators also reversed and started showing a downside potential for the stock.
