Liametric

DM Reversal/Breakout Idea

NYSE:DM   Desktop Metal, Inc
Might be worth watching. After a long slump and a short pump, DM appears to be setting up for a reversal. Question is, why was there so much buying volume recently? Hedge funds loading up or short sellers covering? Positive news? These are things to think about/research before making any move.

Otherwise, looking for a price reset somewhere near the middle of the BB, then a price move higher, retaking recent highs.

If, however, the price resets towards the bottom of the horizontal channel and respects recent lows, that last surge of buying volume may have simply served to establish stronger support in this range.

This is not investment/financial advice. Do your own due-diligence.

Cheers!
Comment: Forgot to mention:

Given the two towers of volume on either side of this depression, from the last ER to now, this may be an inverse head-and-shoulders setting up.

Food for thought.
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