Nikon ADRs trading in the USA, tumbled 3.8% on Nov 01. Technical Analysis may indicate to lookout below

Nikon Nikony ADRs AS AT Nov 01 2013Nikon shares trading as ADRs (NNOY), tumbled on Friday Nov 01.

The Technical Analysis charts indicates that critical points were reached with ADX, Williams %R and DiNapoli Detrended average.

My own Detrended Average Indicator points to a change having occurred. If confirmed next week, then in my opinion the Nikon ADRs may continue the journey lower.

$16.34 is the support level. It will be interesting to see if that support holds.

Click on the following link to view how the Nikon ADRs are doing on the Nasdaq website.

Disclaimer: the above is not meant to be Investment Advice. I am not a registered Investment Advisor. Do you own Due Diligence. Always seek the help and advice of your own Investment Advisors, before placing bets in the Equity Markets. The above is for entertainment purposes only.

Advertisements