NNDM
The left and middle charts show the candlestick patterns in a daily timeframe, and the right side is in 10 minutes timeframe.
Looking at the right side, it is clear that the price action remained within $10.51 resistance and $9.65 support on Friday.
Looking at the Daily charts, Friday's price action resulted in a possible Morning Star pattern, depending on Monday. If Monday is green, then it confirms the bullish trend.
Some indications make me uncertain, which is why I have included the chart in the center. By looking at the daily timeframe from 17 Dec 2020, it looks as if a bearish head and shoulder pattern is forming, which may be wrong, but I still find it necessary and important to mention.
Of course, I personally look forward to a bullish trend very soon. Since the news about the RF IC being sent to the international space station, it looks as if the Volatility is declining, while RSI and MACD are giving a mild bullish signal (chart on the right side), suggesting an accumulation period which is a good sign.
Let's see how It will be on Monday. If the bulls get stronger, then by the end of the month, we could get to $12.80.
Let me know what you think. I appreciate your comments.
