NNDM descending wedgeHello, seeing $3 broke really put a lot of people unease with on the day it broke we were up 10% premarket than a dump of 5k shares and we've been falling ever since. Now long term still bullish and think we will recover out of this. Before we get into the descending wedge idea lets talk about related news.
News
-China reopening: gives hints of the buyers that backed out cause of the virus might reorder their 3d printers and we will be expectations again
-NNDM has a webinar on its tech on Friday at 10am-11am (not sure time zone) source is Phytect New Dimensions (no idea who they are)
-Today someone purchased/filed that they now own 9% of the shares of NNDM (bullish cause why would you take a stake in a company if you think its not gonna go anywhere)
-NNDM decided to take themselves off of the Isreal market and if you have shares you'll get 50:1 from that market (probably due to the fact theres no volume, so I don't see this as bad news and think its great with more liquidity can come into the US market or even the Germany one which is trash volume for NNDM ticker 2N5B)
Thats all the News I have overall not bad and hugh volatility coming up, TA
-Now one source has us going to 7.5, but lets get pass $4 first lol
-We broke the 2.98 support and headed down, so i decided to look at the chart and noticed we are forming a wedge so i looked up a descending wedge pattern, yet this could be one but I can't really tell since the rsi is oversold and we having shit volume.
-the descending wedge is the doted purple ines heading down that inch closer with them meeting at the 2.30ish range
-Yet we are still in an uptrend shorta at 2.39 being the low
-So theres two plays that are bullish
1. We are in a decending wedge and looking for a breakout tomorrow or Friday which is where the wedge cross/meet
2. We go double bottom at 2.39ish range
-The ema on the ext hours have dipped below 2.70, so a bounce back to that area is likely since its still in the decending wedge, so we are looking for a breakout of 2.70 to confirm this was a descending wedge
-First target is 2.98 than a range between 3.42-3.90 with 3.31 thrown in there. With last $4
Now i personally decided to use the rest of my money and bought more shares at 2.62 with my average in at 1.60. Again i think this sell off is done and think its just now overblown with moon buyers selling off if you take a look at webull free stuff on the app. You see the short term buyers/sellers are high meaning people bought than they just sell seeing it drop. Wish guys the best of luck and still think the next 60 days is bullish.
Trade ideas
TECHNOLOGY Nano Dimension Ltd. engages in the provision of intelligent machines for the fabrication of additively manufactured electronics. Its products and services include DragonFly Pro System, conductive and insulating inks for printed electronics, and optimized multi-material design of complex electronics. Today, their stock chart value is said to hit $3.03. Market seems to be reacting potentially strong here
NNDM testing yesterdays moveHello, everyone and like before warning of a dump was common in a penny stock catagory and well we got it, so should you buy, hold, or sell? Well you know me the tech with company is amazing and I believe its undervalued as a whole. I have re-entered a postion at 2.7 and 2.5. Now looking at the chart we are testing the range of a support area at that 2.98 range this morning, but its premarket. Most of the investors are bearish cause of the "undervalued" buy at $2 NNDM did.
Now about this offering this was in talks assuming it started at the $.75-$1 range, which me made to think this idea that NNDM was actualy getting a great deal at the time, until they got that technology breakthrough which nobody can predict when stuff like that happens. I'm still bullish on the fact that they spent more money on R&D than their earnings. They even cut operation cost. Now I'm probably hyping you guys up so sorry, but lets go on to TA than more discussion on why the bullish out look is the strong.
TA
-We are testing that 2.98 range premarket and have pumped instead of dump, yet its 50/50 yet I don't believe we will hit $2 if we do dump
-EMA is at the $2 area ironically, but is bullish, yet a dump to $2.12 could happen, so put buys around $2.20-$2.30 if you dca
-We already had a pretty good correction at 2.40 giving it a 50% correction, but like the graph shows a 70% to $1.44, for my crypto friends. Is a possibility, yet i think sub $1 is out of the picture for now.
-MACD is bearish, but could be turning bullish on market open.
-RSI is overbought, yet we are dealing with an unusually moment.
-Target is $4.09 if we are gonna go sideways and weed out the moon buyers.
Now the news
-NNDM has tweeted out that the US air force is looking into using 3D technology on is future weapons, which on money saving its the smartest this thing they can do to cut military spending, so NNDM technology could be used to design the next military weapons and even gear.
-The $2 offering of roughly $35million dollars go live today, not public one investor. i think this is good and shows that investors have confidence in NNDM for the future.
-Alot of analyst are putting this as a buy and some have taken NNDM out of the penny stock territory and valuing this as actual company.
Now again im long on NNDM long term and see great potential, yet it was the moon investors, that have been caught and has increased our selling preasure. I believe my postion at 2.50 is safe, yet 2.7 might test my manhood on holding. I do see more bullish momentum the next 60 days.
Good ShitHey guys no TA today, but we did beat our earnings and that 2million share buy was probably nndm them self. They let it drop after earnings and this morning released breakthrough technology advancement. Now should you go all in? Well I do expect from now on that post-market you will see pumps since nndm releases news in the morning before market opens.
I personally took profit. just under half my shares sold on RH and sold out on Webull, since well I would rather have my money on RH due to having that debit card. I still believe in this longterm, but now it is risky. we are over 3x from crowdfunding pricing that dumped us to .50-.79. Again I'm a long term believer and think this company can go into the billion dollar MC range after this COVID-19, but it is always great to take out the intial investment with profit.
NNDM expectations gonna get beat on earnings?Hello, last TA played out fine, but alot of people wonder if this was just a pump and dump. To me TA never lies if you understand volume and support and resistance levels. There was massive acculation in the .72 - .77 range for weeks and on Friday there was two buy orders of a million shares a piece. A PnD woudnt put in two buys, its multiple buy orders hitting at once with volume increasing till the PnD. Was this news related? No cause the news was already old news by over 24hrs after release, so with that we can expect some more bullish momentum coming up.
I drew more support lines since its how i traded, but what can we suspect?
-Well we have a range between .82 - .86 as shown by the red box of after market
- .82 is an area of high vpvr, which means high trading range that goes as high of .84 and as low as of .8 . Shooting up to .86 last trade can be shown as theres no sellers in this range , which next high vpvr level is .909
-TradingView switched from sell to netural
-Support levels based on VPVR levels is .81 - .82 , low is back to prepump at .76
-To maintain above the 50ema on the hourly is hold above .8 , which we sit and the uptrend low to remain bullish on Monday is .84
-Targets short term are 1.09 - 1.23 with a high of 1.41
-RSI is trending under but above the 50, so it is overbought
-MACD is Bullish
Now there are 3 other targets from CNN money, MarketWatch, and Webull analysis at $5 , $7.5 , and $18 . Thats too long term and would like to see more bullish momentum to even start thinking about those prices, yet we can be bullish after those two 1 million share buys. Also googling their financials Cash on hand and Revenue as increased as of cost of operations have decreased.
Conclusion is remaining bullish and I did sell some and rebought to increase my postion. I still think theres a great future for this company as US reopens they will boom, since they do most of their business with the US.
NNDM Hello, i would like to talk about my fav stock atm. Disclaimer I bought a large positon at .75 on RH and a small postion on Webull at .77. NNDM is in the 3d printing business which is valued at 9billion dollars and I believe its gonna be a trillion dollar business is the future due to demand for technology innovation compared to raw materials we have.
NNDM 3D prints such technologies and came out they just 3D printed a 3D touch sensor. This is my first time charting this, so this TA will be a Neutral till I can chart it a few days out. Just at face value since ipo it has went from $75 to a low of .55 centish.
Now if you look from since the dump after the second public offering we have just broke the down trend line and we are looking to hold the 50ema on the hourly, which if we do its bullish.
TA
-First targe was/region of interest is .8248 , Second is 1.094 and Third is 1.2377 . These targets are based on swings in dumping and pumping at that location. To remain bullish we need to stray above the 50ema or stay in a steady uptrend line with lows as of .7642 or going up .7583 going up to .7701 by tomorrow. Remaining above that price would be bullish.
-MACD is bullish and coming off of over sold levels
-RSI Neutral
-Watch zone .7169 and .7461
I took a stake into NNDM due to the demand for electronic products and growth of pushing technology innovation and seeing its MC is 3million dollars give or take, there is room of growth and has been getting new partnerships and contracts in the defense department. 3D printing technology in my eyes will dip its toes into the Technology market worth $5.5tillion dollars. defense market worth ove $600 billion, and space market (speculative) over $360 billion with it hitting $500billion in 2024. All these sectors will need complex technology components that NNDM can offer.