Elliottwave Forecast Blog | NANO Nuclear Energy (NNE) Favors Rally Towards $52 | TalkMarkets
ElliotWave Forecast
Contributor's Links: Elliottwave Forecast
At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 ...more

NANO Nuclear Energy (NNE) Favors Rally Towards $52

Date: Tuesday, February 4, 2025 12:06 PM EST

NANO Nuclear Energy Inc., (NNE) operates as microreactor technology company, developing solid-core battery reactor & low-pressure coolant reactor. It comes under Industrials Sector & trades as “NNE” ticker at Nasdaq.

NNE is trading higher since inception this year from May-2024. It is in impulse sequence from $3.25 low & continue towards $52.03 or higher levels, while dips remain above $19.21 low.

NNE - Elliott Wave Latest Daily View: 

Above $3.25 low of 5.14.2024, it placed (I) at $37.51 high & (II) as zigzag correction at $6.30. Within (II) pullback, it placed a at $15.41 low, b at $34 high & c as (II) at $6.30 low as dip pullback against May-2024 low. It confirms new high above $37.51 as the part of I of (III) in recent rally. Above (II) low, it placed ((1)) at $33.82 high as diagonal sequence. It corrected in ((2)) of I as flat correction ended at $19.21 low. Within ((2)), it placed (A) at $22.02 low, (B) at $33.40 high & (C) at $19.21 low.

Above ((2)) low, it placed ((3)) at $48.05 high & ((4)) at $31.55 low on 1.28.2025. It favors upside in ((5)) of I, which confirms above $48.05 high & extend towards $52.03 – $58.37 area to finish I before II corrects against August-2024 low. In ((5)), it placed (1) at $43.43 high, (2) proposed ended at $34.27 low & favors upside in (3), which confirms above $43.43 high.

It can have few alternates as well. If it breaks below $34.27 low, it can extend (2) & remain above $31.55 low to resume higher in (3). Alternatively, if it breaks below $31.55 low, it can extend ((4)) against 1.13.2025 low before next rally. It turn out more bullish as nest in ((3)) of I, if it breaks above $48.05 high & erase the momentum divergence. We like to buy the pullback in 3, 7 or 11 swings at extreme areas.

Source: https://elliottwave-forecast.com/stock-market/nano-nuclear-energy-nne-favors-rally-towards-52/

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with