Reversal turning into Inverse Head and Shoulders
Looks like a nice reversal after a higher high. Retracement is about 50% of previous move.
If it continues up, They'll be an inverse Head and Shoulders with a upward slopping neckline around $8.21.
Since the last swing high is about equal to the previous swing high, I'm out before $9.
I also think that $5.50 is the bottom so I sold a PUT at $5.00 Aug 20 for $0.15. That's a nice conservative play I think.
Disclaimer: I'm no expert, this isn't advice. I also own a fair number of shares of NNDM long term.
Comments welcome, especially if you disagree.
If it continues up, They'll be an inverse Head and Shoulders with a upward slopping neckline around $8.21.
Since the last swing high is about equal to the previous swing high, I'm out before $9.
I also think that $5.50 is the bottom so I sold a PUT at $5.00 Aug 20 for $0.15. That's a nice conservative play I think.
Disclaimer: I'm no expert, this isn't advice. I also own a fair number of shares of NNDM long term.
Comments welcome, especially if you disagree.