Saturday, September 23, 2023

Nanofilm - She has continued to drop further and is looking rather weak! I think we may see further melting down direction!

 Chart wise, bearish mode!

Last Friday she has gone down to touch 0.91 before bouncing off and close 0.5 cents higher at 0.95. Looks rather weak and we may see further selling down pressure!.

Short term wise,  I think likely to see a throwing back reaction. If it fails to hold then it may again retest 91 cents/90 cents. 

Breaking down of 90 cents I think she may likely fall down further towards 80 cents than 70 cents.

NAV is about 58 cents.

Not a call to buy or sell!
Please dyodd. 

 Nanofilm is Asia’s nanotechnology solutions leader with strong innovation DNA, founded in 1999 as a high-tech spinoff from Nanyang Technological University, specializing in advanced materials and nanoproducts.

Our proprietary materials with special surface properties and nano-engineering capabilities, customized to our customers needs, have redrawn market boundaries with limitless potential.
Our mission critical game-changing applications in multiple industries today place us well in value chain integration as we transform into a future-generation nanotechnology solutions company.
In time when each market industry where our technology catalyzes matures, we will transform and become a significant player in those industries.
Each industry holds the promise to be a powerful standalone business for Nanofilm:  be it 3C, Automotive, New Energy, Biomedical, Consumer Goods or Optical Sensing.

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