$NNOX Receives FDA 510K, Next Big Catalyst?The stock that I like so much finally received FDA 510K on the Nanox.ARC X-ray system. As much as it been short-selled into the ground, I am still heavily invested in it, and I think many of the catalyst in terms of early market and tech validation have already passed. It may not be smooth sailing, but I am still interested in Nanox for the long term, and am still here. That said, none of this is financial or investment advice. Information provided is "as-is". Do your own due-diligence.
Nanoximaging
This Could Be a Great Long Term BetNanox have been short-selled quite alot, and then you have this + the combination of hyperinflation and a recessive economy. However, Nanox is an Isreali company. The Nanox Korea building construction has been completed . While it may be a risky bet, now may be the time to get in. That said, please invest at your own risk. Do your own due diligence and everything said here is on an opinion-based basis.
NNOX. This is the bottom for this small-cap stock. 10:1 RRR.NASDAQ:NNOX is a stock I heard about from Deadnsyde . I don't know about fundamentals, but this looks like the bottom if you're interested in growth-potential low cap tech stocks. RSI has reached an oversold territory, its lowest ever. As a rough estimate, this trade presents an opportunity of 100% return in one month versus 10% potential loss.
$NNOX, Wait for the Catalyst + Short Squeeze (Low Volume)Nanox has been shortened alot, and now oversold on low volume. Looking at the RSI, it is quite low, and due for a breakout. Outside of this, I believe it has been announced that they have pre-orders for within the range of 15k machines. This accounts to what could be $1 billion in mostly revenue, if I understand currently from what has been said about the JP Morgan Virtual Conference. At the current market cap of $2.3B, this puts them likely under their fair overall enterprise value. Currently, FDA approval is a major catalyst that should be "soon" in regards to single source if everything goes well. Multi-source could be in the first half of 2021. It is currently a waiting game in regards to catalyst. There are also other big catalyst such as a factory announcement that may happen soon. Regarding patterns, I think overall a bullish setup is there. Currently, I am long. That said, do your own due diligence and invest at your own risk.