NNDM possible profit strategy

NASDAQ:NNDM   Nano Dimension Ltd
Buy shares strategy -

Dip Buy NNDM at $2.98 yellow 8 EMA LINE

RISK 5% -> Stop Loss $2.91

TARGET 1 Reward: 10.4% Sell $3.29
TARGET 2 Reward: 13.4% Sell $3.38
In order for NNDM to make a serious move north, bullish volume needs to kick in. Volume holds the weight of price up, it validates price. Here i am using several variables to justify a possible buy. This is a day chart. I am using the EXTENDED FIBONACCI RETRACEMENT to acquire my target lines.

What I Like -
*The candlestick formations; there is a push to break prior support/now resistance at $3.06. (yellow horizontal line) Notice how many times $3.06 was opened or touched in the past, going back to Jan 24, 2022, Feb 24, mar 8th, 14th 15th, and so forth...VERY IMPORTANT PRICE for NNDM. Now, with the 8ema and the red 34ema, the candles are using those as a springboard to push north. That's why bullish volume is so important to accomplish that.

*RSI is trending somewhat bullish; at a value of 57, the RSI, being a momentum indicator, suggests more room for running north

*8 EMA AND 34 EMA; The 8 ema has just crossed north over the 34 ema, suggesting that this stock price is ready to move bullish. Finding these crosses can be parabolic bullish moves!

What I Don't Like -
*Stochastic indicator is quite Overbought; While some investors suggest using the Stochastic as an overbought/oversold indicator, others suggest using it as a momentum indicator. The ideal stochastic indication would be both the RSI and Stochastic at the bottom of their respected graph moving upwards, suggesting an overall SENTIMENT that the bullish move is underway.

*VOLUME is not ideal; as stated above, we need more volume to come in

*Let's see what happens*

DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.


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