Update on the chart. Had a scare since the last chart when the stock hit the zone at $2.50 and fell sharply but it did not exit the channel.
Price bounced off the bottom of the channel and headed back up. I noticed possibly another/different channel possibility(charted with orange lines and no fill color) that could indicate a reversal. It was weak with only two touches prior to this last bounce. Price did breakout the new channel as well and then back tested that channel and bounced up so it was fairly legit.
Notice price ran through the 2.50 zone. My Theory is the last drop to 2.07 shook out all the paper hands so hopefully it is now a strong level of support going forward.
I loose a lot of money on this, well not yet because I didn't sell it! I don't know if to buy more to dca. I don't see it yet to invest more! What do you think?
HotsauceShoTYME
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@andreizancu, A lot of people loss money on this stock not selling in the last run up. This is an extremely long term hold for me. This is not financial advice. I am invested but I have a paper trade strategy for NNDM. FYI this is a strategy I am doing across several stocks on TV paper account trying to mimic how large players trade and invest. The goal with this strategy was to establish and build a position with "free" stocks. I.E. if the price doubles from my average cost, sell half and keep the rest. Wait for price to drop and rinse and repeat. This is called accumulation which someone has been doing since the stock came out the down trend. See prior charts. You can't see the arrows noting buys and sells on this chart but the time to start loading up was in the green zone with a 10% stop loss(rounded up) below I.E. Cut losses and exit trade with an open and close below $1.85. My average price in my trade account was at most 2.16 and I would start profit taking at 10% profit which means the latest I would have started selling was 2.38. Note that this strategy always sells into strength i.e. while price is rising. Having said that IMO now is not a good time to buy or DCA unless you have an extremely long term outlook and trade plan. A runup that induces fomo is ripe for a rug pull and wallstreet fuckary which is what happened 2020-2021. Waiting for price to runup pull back and establish support at a supply/demand zone is the fiscally prudent thing to do.