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/