So we got our retracement back to where we wanted and now is the question where we go now? ATM we are in an uptrend with on lvl2 data there is over half a million dollars from here to 2.30. Theres not much TA and news, just nndm tweeting out 3D printing and as we wait for PR on the military to contract and other news. We can suspect massive stalemate in where we want to go. If we continue this uptrend we could suspect a breakout around June12-17. As drawn the 12th will cross over a downtrend line starting from May 22nd ish. The 17th is interesting cause if no news comes out we could break down to the downside and thats at 3.31.
Now on my graph you can see a fibretracement, yet I'm not sure how it works, but some key price targets we talked about last time is there and I'll give you them and if you know how a fib works good and if not don't worry about it.
1.618 is at 6.37, which is close to our speculative price target of $6.42
1 is at 4.83 which is close to our $5 target
I also put 3.88, just cause that was our first wick we got rejected hardcore at the first pump till we went to 4.83.
Final thoughts is that their PR blows, yet institutions don't care about PR as much in the short term. Just as long as the development continues which I still have confidence in them for now. Looks like short term gains may not be here atm, yet it is interesting seeing half a million in the order book holding this stock up. Again short term is just accumulation imo could go look at NKLA, which is a Tesla like company that focus is on trucks for consumer and commercial like truck drivers. Their first truck goes on sale next year.
Now on my graph you can see a fibretracement, yet I'm not sure how it works, but some key price targets we talked about last time is there and I'll give you them and if you know how a fib works good and if not don't worry about it.
1.618 is at 6.37, which is close to our speculative price target of $6.42
1 is at 4.83 which is close to our $5 target
I also put 3.88, just cause that was our first wick we got rejected hardcore at the first pump till we went to 4.83.
Final thoughts is that their PR blows, yet institutions don't care about PR as much in the short term. Just as long as the development continues which I still have confidence in them for now. Looks like short term gains may not be here atm, yet it is interesting seeing half a million in the order book holding this stock up. Again short term is just accumulation imo could go look at NKLA, which is a Tesla like company that focus is on trucks for consumer and commercial like truck drivers. Their first truck goes on sale next year.