Monday, October 17, 2005

Nanovax and the Nanotech Index

Nanovax keeps going higher on more speculative moves.

The long term investor must know this is normal in smallcaps and should be in it for the long term.
We will track the performance of Nanovax from now on, with the average price of today ($2.92). It's the heavy weight in the $NNZ (nanotech index) and should be the individual benchmark stock for this whole index.

Going up today on heavy volume, the hype and nanotech bubble might just begin here:

Watch out for a Golden Crossover between the 50 and 200 day simple moving averages, they should attract more money into the stock.

The Index is in a short term uptrend and closed on top of the downtrend line:

This week I'll check some charts of other stocks listed on this index, happy trading!


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