wujo

NNDM correction then ripping!

Long
NASDAQ:NNDM   NANO DIMENSION LTD
NASDAQ:NNDM NASDAQ:NNDM NASDAQ:NNDM

NNDM has been on a tear. It hit $10 and then started to pull back. Based on RSI and MACD , it looks like it's in overbought territory. Looking at historical trends, a correction here to $8 seems reasonable. If there's support at $8, I can see this shooting back up.

Profit target #1 - $12.
Profit target #2 - $15.

LFG!
Trade active: Looks like the correction to $8 happened a bit earlier than I expected. Time to buckle up.

Will hold for at least 2 more weeks and see where we are at.

LFG!
Trade active: Interesting day yesterday. A lot of politics happening which interrupted some stock movement. We're getting that movement now. Still moving along nicely.
Trade active: This has been running as expected. There was an announcement of another cash raise with a price of $9.50. The stock dipped 10% because of this; however, seems to be getting a lot of support.

Will check-in in another week.
Trade closed: target reached: All targets reached! Onto the next one! LFG!

Comments

Let's hope that the management team uses this significant capitalization wisely and to our long term benefit.
+1 Reply
wujo intelligentCod72208
@intelligentCod72208, agreed. I'm optimistic that this will be over $30 by end of 2021. Let's see if we can get there.
Reply
My price target is $12 as well ($4.80 average). Kinda wish I sold at 10 to reenter at 8, but i'm still bullish longterm - even though this is a potential play at this point. I like the chart analysis, makes a lot of sense.I hope NNDM can avoid a landslide and we keep the train rolling! Merry Christmas and thanks for the analysis.
+1 Reply
wujo squi
@squi, hope we see some good movement going into New Years. Wish the best for you and your family.
Reply
Still think this will correct to 8? Even with the ark news?
+1 Reply
squi Stkmk
@Stkmk, ARK has been buying consistently for a while. I think the news helps but is nothing out of the ordinary for longterm NNDM holders. Cheers
+2 Reply
Stkmk Stkmk
@Stkmk @squi thanks for the response! Merry Christmas!!
+1 Reply
wujo Stkmk
ARK purchased over 3 million dollars in shares yesterday. LFG!
Reply
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