Hello , Welcome to my analysis and speculation on Nano . Not crypto related Nano we are talking about NANO DIMENTION company that its in current FOMO stage and more and more people are talking about it so lets take a look on TA and come up with trading plan . I selected areas in Red circles witch I take as flaws in the trend . Many before but chart would look messy :) I also selected correction of these flaws . We also have ADX move and previous example of price actions selected on the chart . Pull back here its strongly suggested by more than one indicator so I'm thinking pull back . $10.40 its my alarm set for and I will be waiting for this zone to possibly enter the trade . I think Hype on this will be Heavy for some time so lets try make some profits on it .
NUMBERS
As you can see there is heavy amount people that agree with me and are shorting it however I don't know when they enter so its hard to predict will it squeeze and rip or pull back . Lots of news are creating a hype around it so no one knows what will happen but numbers don't look that hot to back this up .. Do I think company have future yes but numbers are what they are .. I'm sticking to my plan and waiting for my zone ..
Hit that like button its not that hard . Comment if you like . Good luck to you and your trading analogy . See you next time ,
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Hello back .. So here we are . We filled that area . It went little lower but I will be watching this area and see if it holds here . I think its important to keep looking on the whole markets moves . Keep your eye on QQQ and make your decisions . I'm staying away from this for now . Waiting to see if we test other EMA so keeping eye on 9ish area and if fail 6,50 zone , Wish you best .
I should've held when I was in at $5. I saw the hype and knew for sure it would be back. Thanks for your TA!
coldfire007
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i like your analysis i really hope this goes to 10.50
PTO
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@coldfire007, Hi, We will see how this plays out . FOMO on this its bigger than I expected . Sticking to my plan. Couple shakeouts will bring the reality back to surface.
PTO
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@coldfire007, Here you have it .. What is your plan ?
@coldfire007, check your PM . I'm not sure what to say . I don't know your entry on it , SOS got hit hard . Fact that you went all in its painful. NEVER GO ALL IN . 10-20% of your capital its my rule .. I know you probably don't want to hear this but If you are taking this seriously you really need to start paying attention to fundamentals . I hope its small loss and you will recover . I'm not saying this to give you hard time I have been there . I hope you will recover but also hope you learn your lesson , There is a reason for 90/90/90 rule . 2020 was extremely easy year to make $ minus the early dip .. I guarantee you more than half of theses people will be done with up coming market conditions . Moment we start chopping instead going parabolic . People will get burned fast with not protecting their moves .
coldfire007
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@PTO, lesson learned again. that hindinberg short report got me. i had chances to get out with small loss and i didn't, i got out a lot lower. so stupid i don't know why i got paper handed on SOS when there was a short attack on MARA and RIOT both went ATH. I agree next week is going to be choppy trading. im gonna short the index and day trade for now. I think NNDM is gonna hit $8 soon. all this high growth stock is gonna get hit specially ARK ETFs cause they don't hedge. good luck. please keep updating us. i don't mind a few advice here and there. Thanks.
Stkmk
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Great analysis. Did we break resistance? Should we go closer to 15 today?