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nataliegarces
Feb 21, 2021 11:21 PM

NNDM in a bull flag and could bounce from this double bottom  Long

Nano Dimension Ltd.NASDAQ

Description

NNDM on 4H:

RECENT NEWS:
NNDM Closes $500 Million Registered Direct Offering. NNDM intends to use the net proceeds for strategic opportunities such as acquiring new technologies to better their machines.

TECHINCAL OBSERVATIONS:
Currently NNDM is in a bull flag. NNDM tested resistance on 2/10 and pulled back. NNDM has the opportunity to bounce up from this support and double bottom. This could be a good swing play, I'm liking the potential risk to reward ratio. Don't sleep on this one.

SUPPORT AND RESISTANCE
Support: $13.30 | $13 | $11.50
Resistance: $17 | $17.80 | $18.95
Comments
NoaTrades
Great analysis! Holding 200 shares @ 13.5 average definitely a great risk-reward ratio with their upcoming aquisitions!
UnknownUnicorn1969866
@Noaaa, hold on friend, we got this! I have loaded all day myself. 1970 and will buy more on the dip
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