Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

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:


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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  1. Jworthy


    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,

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    • Zenhunter

      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.


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