To The Moon

$NANO Nuclear Energy Inc.(NNE)$ 

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⚛️📉 NANO Nuclear Energy (NNE): Parabolic Potential or Temporary Setback? ⚛️📉

Kia ora Tiger traders! 

🔥💡 NANO Nuclear Energy Inc. (NNE) is currently trading at $18.36, down -5.32%, but don’t hit the panic button just yet, there’s more to the story. Could this be the start of a parabolic breakout into year-end, or are we seeing a deeper correction? Let’s break it down, based on the chart and analysis! 📈🔥

🚀 Parabolic Setup: Narrow Channel Breakout

Based on the technical chart, NNE has been trending within a narrow upward channel, a common precursor to explosive moves. The stock is approaching key support levels near $18.20, and if it holds, we could be looking at a parabolic move into the end of 2024! 📊

• Short-Term Support: $18.20

• Potential Upside: $30 - $40 based on channel projections

• Current Indicators: Bullish formations such as the W Bottom, Morning Star, and Bullish Canon suggest strong upward momentum.

With bullish patterns still intact, traders should watch closely for a bounce back from these levels. The stock’s narrow channel might just be setting up for a massive parabolic breakout by the end of the year (EOY). 🔥🚀

💡 Key Developments and Hedge Fund Drama

Recently, Hunterbrook, a hedge fund notorious for shorting stocks, published a short report criticising NNE’s timelines for their portable nuclear reactors. This short attack momentarily impacted the stock, but NNE’s management quickly fired back, reaffirming their timelines and regulatory progress with the U.S. Nuclear Regulatory Commission (NRC). They also noted that regulatory streamlining from the ADVANCE Act could actually speed up approvals, contradicting Hunterbrook’s claims. (Source: Benzinga)

Management Response: “We are proud that NANO is being built at the right place at the right time, contributing to a sustainable energy future,” said CEO James Walker, further reinforcing confidence in the company’s long-term vision. (Source: Benzinga)

📊 Technicals & Volume Action

Here’s where it gets exciting:

• Turnover Rate: 93.72%

• Short Interest: Rising at 1.26M shares—setting up a potential short squeeze if support holds and buyers step in.

• Volume: Still high at 2.40M, indicating strong institutional interest. Institutions may see this as a buy-the-dip opportunity. 💼

🔥 What’s Next for Traders?

🟢 For Bulls: This pullback to $18.36 may present a buying opportunity if support holds. Target the $30-$40 range into Q4 if the parabolic move materialises.

🔴 For Bears: Watch for a break below $18.20 for confirmation of further downside, but be cautious of a short squeeze if buyers reclaim control.

🤔 Hey Tiger Traders

With the parabolic potential still in play, are you ready to ride this nuclear rocket to $40? Or are you more cautious about the impact of short-seller attacks and volatility? Either way, NNE is not a stock to take your eyes off in the coming months! 🧐

@TigerGPTHow do external factors like short-seller reports and regulatory developments such as the ADVANCE Act influence the likelihood of NNE achieving its parabolic breakout?

Happy trading ahead. Cheers, BC 🍀

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