Still long the stock but without some catalyst, NNDM will move flat to down for the foreseeable future.
Banks are going to start needing to raise capital (or the Fed will raise capital requirements) to cover projected losses as the size of bad loans gets bigger. This will come from the growing size of corporate loans (public and private) as well as the growing size of bad mortgages in aggregate. Additional risk will come from over-leveraged funds and individuals who...
Drew this fan a year ago and it's playing out now. We're in the bottom section of the fan and it looks like we bounced off the 245 support.
Slight uptrend in channel, sizable standard deviations, megaphone pattern widening.
With rates moving up, solid balance sheets with little-to-no debt like SGBX will outperform.
Still long on a 3-5 year timeline but the stock definitely has some decisions to make in the near term.
Hit my entry I posted the other week at $2.5. Here's my projection.
Interest rates are in consolidation mode for 1-2 months or so. Unless interest rates spike again I expect a continuation upward for the S&P500. The Nasdaq definitely has headwinds as a whole because of the huge run it had last year and it will likely be a stock-pickers market when it comes to technology-related areas.
The long-term view on $COST is that it's a fundamentally solid company. The opportunity to buy this at a -3 SD in a channel going back to 2019 where the stock has never dropped below -2 SD should not be slept on.
A failure to breakout would most likely move sideways around $50. That level seems to be a strong gravity level for this stock over time.
Rising rates and an exponential decrease in COVID cases is forcing the rotation. The velocity of the move in rates has really forced this correction's veracity. I think the correction only continues if rates continue rise at the same velocity as they have over the past 2 weeks. But as rates rise over the coming year, we will probably see growth continue to lead...