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:
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.
Monthly chart below shows that $TINY has come a long way from the top. Is it ready to head back up?
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.
My 2 cents.
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Zen,
I like your idea of a “popular science rotation” from 3D printing to nanotech.
Very interesting…
Plus, TINY looks like good value here. Obviously I need to do more research, but thank you for pointing me in this direction.
Hope you have a nice weekend,
J.
You’re very welcome, Jworthy. And thank you for giving me feedback. Yes, I think if we can catch it at the low point, we can get a good risk/reward ratio to begin with.
We will never know if 2013 is the year for nanotech; but if it is, I like to be in at the price point. If not, the risk is small anyway.
Cheers!