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!
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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!
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Interesting day yesterday. A lot of politics happening which interrupted some stock movement. We're getting that movement now. Still moving along nicely.
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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.
Let's hope that the management team uses this significant capitalization wisely and to our long term benefit.
wujo
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@intelligentCod72208, agreed. I'm optimistic that this will be over $30 by end of 2021. Let's see if we can get there.
squi
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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.
wujo
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@squi, hope we see some good movement going into New Years. Wish the best for you and your family.
Stkmk
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Still think this will correct to 8? Even with the ark news?
squi
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@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
Stkmk
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@Stkmk@squi thanks for the response! Merry Christmas!!
wujo
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ARK purchased over 3 million dollars in shares yesterday. LFG!