Hello, so our last TA didn't play out as expected, yet last thursday we did have a breakout of 60k shares, yet was backfired with more downward movement. What was interesting from last week to this week our inflow and outflow on shares was showing entirely different picture. More inflows, which we got, should increase the price, yet it didn't which brings me back to what we talked about before, the short interest. I would bet most of the sellers bought around the $5-$3 range and sold out and bought other penny stocks, pretty much pump chasers. Now bringing back last TA we did double bottom on the nonext graph, yet the ext graph we created a lower low and as of now created a lower high, meaning more downward movement could be expected, yet there is some news that came out.
News
-NNDM got a US Army contract for the Dragon Pro
-On the graph I marked it and you might need to scroll over on desktop, but on July 7th there is a share holder meeting (not sure on the details, but can google nndm or nano dimensions on google and hit news)
-Speculative price action: Last year they were given promission to send its 3D printing to ISS and also moved HQ to South Florida, Kennedy Center is Midwest Florida. Along with that recently SpaceX is now sending astronauts to space, so question is whats nndm involvement with the ISS and the recent news with SpaceX
My Financial Speculation
Now I have told you guys I sold over half at $4, yet rebought at 2.50 and 2.7, well two days ago I bought at 2.42 believing this was unvalued and still is imo. This is judging based on Marketcap and price. i could be wrong, but doing some math and heres what I got.
current price future price | 2.94 | | x
market cap times money holdings | 24.57 | times | (earnings report+Private offering+last public offering = 53.7)
X = about $6.42 a share
Now I did this way lower at a 19mil mc, but it shows we are undervalued based on the money they hold, which one that July 7 if we remain under $6.42 we will moon and shows we will destroy the next earning report. Now give or take we might be shy of $6.42 or could be more due to the fact the breakthrough got nndm the government contract. Just food for thought of a long term holder.
TA
As of now 2.40ish is the double bottom zone, which will be massive support, yet I'm looking for 2.57ish to become support now and that 2.98 range, which was one of our targets. Now usually we will pop off and test that recent high, yet due to low volume in after market we got pushed down to 2.88, yet I don't see that becoming an issue.
-MACD turned bullish
-RSI is overbought-not sure if that matters due to the news that just came out since volume was trash
-VPVR levels are in a high trading range again.
-Since for now we doubled bottom we call the 2.34-2.57 range the golden zone to buy
Again like I said I believe this stock/company is going far in the near future. Sure they look like trash since the IPO, yet 3D technology was just getting started and most IPO are trash when they come out since its just an idea. Now NNDM has a product and is ready to go. Long term hold you'll make money, short term we are speculating the best price to buy. Again good luck and hopefully we see the $5 or higher before July 7th cause i need more Ramen.
News
-NNDM got a US Army contract for the Dragon Pro
-On the graph I marked it and you might need to scroll over on desktop, but on July 7th there is a share holder meeting (not sure on the details, but can google nndm or nano dimensions on google and hit news)
-Speculative price action: Last year they were given promission to send its 3D printing to ISS and also moved HQ to South Florida, Kennedy Center is Midwest Florida. Along with that recently SpaceX is now sending astronauts to space, so question is whats nndm involvement with the ISS and the recent news with SpaceX
My Financial Speculation
Now I have told you guys I sold over half at $4, yet rebought at 2.50 and 2.7, well two days ago I bought at 2.42 believing this was unvalued and still is imo. This is judging based on Marketcap and price. i could be wrong, but doing some math and heres what I got.
current price future price | 2.94 | | x
market cap times money holdings | 24.57 | times | (earnings report+Private offering+last public offering = 53.7)
X = about $6.42 a share
Now I did this way lower at a 19mil mc, but it shows we are undervalued based on the money they hold, which one that July 7 if we remain under $6.42 we will moon and shows we will destroy the next earning report. Now give or take we might be shy of $6.42 or could be more due to the fact the breakthrough got nndm the government contract. Just food for thought of a long term holder.
TA
As of now 2.40ish is the double bottom zone, which will be massive support, yet I'm looking for 2.57ish to become support now and that 2.98 range, which was one of our targets. Now usually we will pop off and test that recent high, yet due to low volume in after market we got pushed down to 2.88, yet I don't see that becoming an issue.
-MACD turned bullish
-RSI is overbought-not sure if that matters due to the news that just came out since volume was trash
-VPVR levels are in a high trading range again.
-Since for now we doubled bottom we call the 2.34-2.57 range the golden zone to buy
Again like I said I believe this stock/company is going far in the near future. Sure they look like trash since the IPO, yet 3D technology was just getting started and most IPO are trash when they come out since its just an idea. Now NNDM has a product and is ready to go. Long term hold you'll make money, short term we are speculating the best price to buy. Again good luck and hopefully we see the $5 or higher before July 7th cause i need more Ramen.
