With incredible QOQ results (68% improvement QOQ), the recent acquisition of ExOne (which is the main reason for stock's decline due to dispute in stock compensation of ExOne's shareholders) and now Aidro, which has been 3D printing hydraulic-related parts, the fundamentals of this growth stock look pretty strong, while the share price is near its all-time low. ...
Technical Thesis:
-double bottom
-20 day MA on the verge of a steep cross up through the 50 day MA
-average volume is trending upwards
-it broke out with significant volume
Fundamental Thesis:
-YoY Profit margins are trending upward
-from 2018 to 2020 their debt to assets has fallen significantly
-on the Macro side, with the ability of large-scale production and...
Here's a fresh look at Desktop Metal after it broke previous lows and invalidated my last count (linked).
It looks like we weren't finished with the primary wave 2 correction. It looks to be a 5-3-5 zigzag correction, and we're getting pretty close the the all time lows of 9.40. RSI has bottomed out here, so if we're gonna bounce, it has to be here.
