Here's a fresh look at Desktop Metal after it broke previous lows and invalidated my last count (linked).
It looks like we weren't finished with the primary wave 2 correction. It looks to be a 5-3-5 zigzag correction, and we're getting pretty close the the all time lows of 9.40. RSI has bottomed out here, so if we're gonna bounce, it has to be here.
I'm long on DM, but my estimate its not over. Cathie Wood initially thought its way over valued but then ARK entered a position at $17..
Could go to <$8.
rk3685
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@AshNA123, did she tell you she felt it was overvalued ?
AshNA123
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@rk3685, We're not that close :)) Read her tweets from nov-dec 2020. or her website.
Anyways, an AI service i use predict its going to $7.8 - it was spot on predicting DM will reach $33 but in 5 years.. not 6 months.. So we'll see if its right again.
Could go to <$8.