NNDM — 6-Month Macro Chart

Preface:
This chart should not be viewed in a vacuum.

https://www.tradingview.com/chart/NNDM/uOpeoWSo-NNDM-Macro-Thesis-Monthly-Structure/

I’ve linked my prior, more detailed NNDM macro thesis above — go read that first. This post is intentionally minimal and is meant to highlight the highest-timeframe structure.

What’s On This Chart

This chart has only two things:

1. A long-term descending channel
   
2. A single horizontal line at $2.51
   

What you should Observer:
Price is clearly rejecting the $1.31 area, which becomes obvious when you flip to the 3-month view: NNDM printed two hammer candles in a row at that level.

The visual alone should illustrate the importance of three steps, in this order:

1. Reclaim the channel midline and establish it as support:
   This is the first structural test of whether the current move has real strength or is just another rotation.
   
   
2. Break out of the descending channel and establish it as support:
   Until price exits and accepts above this structure, NNDM remains inside a multi-year bearish regime.
   
   
3. Break above $2.51 and establish it as support:
   $2.51 is the macro regime line. Reclaiming it would represent acceptance above the entire downtrend envelope and would be the strongest evidence that the long-term structure is shifting.
   

If these three things do not happen in order on the weekly over the coming months, then the most likely outcome is that NNDM remains structurally bearish — and the stock is probably cooked long-term.