Reaching Supports

The two most important Nanotechnology indexes have finally hit my target supports and Bulls should poise for a comeback.

Merrill Lynch Nanotech Index finally reached the 200 day moving average and in the next days we could at least stop reaching new lows.


Powershares Lux Nano ETF found a common Support/Resistance from the last months.
The horizontal black line indicates the technical support, which can stop the Bears from getting ahead, I think at least for some time...


Next week I'll try to post some individual nanotech related stocks that offer some good chances of reversal.