I’ll let the charts tell the picture.

Below is the weekly chart for $PXN (ETF for Nanotech)

Below is the weekly chart for $TINY

Notice price was bouncing off the floor.

Below is the daily chart for $TINY

There are the usual resistance; but in time, you cannot avoid the emerging of the nanotechnology to change every aspect of our technological life.  There is a new tech world out there that will bring science fiction into reality sooner than we think…

Disclosure: $TINY is in my long-term position portfolio.

My 2 cents.

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Below is the thesis from Harris & Harris Group, Inc. ($TINY).

***Notice that it was published in Spring of 2009.

 

Source: http://www.hhvc.com/docs/press-center/why-invest-in-nanotechnology-.pdf

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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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