Today will determine how the rest of the month is going to be!
NNDMCurrently, the price action is above the median band and close to the upper band of the Donchian channel. The MACD is showing a buy signal and RSI and MFI are both near the overbought limit.
Depending on how the market opens and plays out today, by 11 to 11:30 am we will know if the bullish trend is on the way or we are in for a longer bearish period. Hopefully, we remain above the lower deviation of the regression trend.
Let me know what do you think. I will appreciate any input.
-----This is not an investment suggestion-----
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.