The stocks take forever to climb up and it takes just an instance to wipe out all the gains.
This is probably what’s going with Nanofilm now… Nanofilm’s share price plunged 28.8% from S$5.97 to S$4.25 in a day as shown above. The red candlestick lies right at the 61.8% mark of the Fibonacci Retracement indicator. 2 Main Reasons behind Nanofilm share price plunge There are 2 main reasons behind Nanofilm’s share price drop. One is the poor financial results and the other is the sudden departure of 2 key C-suite management within 2 months. I have digged in deeper below… 1) Nanofilm’s 1H2021 below expectations 1H2021 results missed estimates and retail investors’ expectations by a mile – it feels a lot like US growth stocks where they are punished hard for ‘missing expectations’....Here’s a saying about the stock market…
