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.
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.
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