$DM - Started reversing from the double bottom with an oversold Stochastic. Desktop Metal is a solid fundamental company as they are industry leaders and are more efficient than their competitors. Fair value targets are ahead of the current price, and the huge pull back from the highs has created a solid entry for the long term. If it can break 19, it’ll go to 21...
(This is not financial advice)
Hello everyone, this is some TA I did for my watchlist over the weekend on Desktop Metal. For anyone not familiar this is a 3D Printing stock and will do very well long term in my opinion. This stock has a had a big sell off and is very oversold.
I am a big fan of Desktop Metal and have done a full fundamental analysis on it....
- DM is trading at its 200 MA after an impressive run up to $34/s.
- RSI has entered oversold territory.
- Assuming the stock holds its 200 MA support, this offers a good entry point to initiate or add to your position.
Hopefully Senorita Wood blows this beast up! 3D printing space will only continue to grow. Might not be too great for certain jobs, but even industries we think are safe aren't far off from extinction. What's your view on DM?
I read Ark Invest's Big Ideas for 2021 and according to them NYSE:DDD and NASDAQ:SSYS are the leading companies of the industry. As you can see in this chart, there is a clear winner when it comes of ROE, but I'll be buying the first one that plays by my rules. At the moment NYSE:DDD is ranked 3rd in its group by IBD Investors and NASDAQ:SSYS is ranked...
Desktop Metal is 3d printing company that is backed by Virgin Galactic CEO (Chamath), as he mentioned It is an important company that is fighting climate change. Great Long Term potential and good add for Shares here. Options I would wait to play the the sub wave 5 of wave 3 up as it looks like its going for a continuation to $33 to complete that sub wave 3 of 3.
Monthly and weekly R4 roof (last week) breakouts.
Last week´s R4 breakout continue the next week usually.
Price pulled back to weekly pivot (as it usually does)
and hit weekly reversal level S3.
DM breakout projection (using daily chart ) sends price to weekly R5.
PS Gold is a class of its own. It trends differently from other commodities ( oil , copper ).
AUD exposed vs 3 major global currencies. Monthly.
It will end in the range box. The breakdown is valid. Retest is missing and is likely to occur next.
Prior DM breakdown projection from the innermost shadow sends AUD into the range box.
Top Absolute Correlation
1 AUDUSD - AUDCHF 93.3%
2 AUDUSD - AUDSGD 92.7%
3 AUDUSD - NZDUSD 92.1%
4 AUDUSD -...