NNDM fear emerges
Like the title says and everyone knows there was some crazy stuff that has happen. Disclaimer I took profit at the start of the day, after watching a video saying technically we are at ath, since tradingview didn't take in account of splits for this stock, so no idea if thats true, but sold for a pullback to $6. Now I don't know if that was luck, but that afternoon a "fake" sec filling was filled for another offering at $5. Now I didn't see, but hearing about it, it scratched my head. Then it was debunk, yet ironically a real sec filling was filed for a $5 nis par per a share. Now this means, yes they can do another offering in the next 2-3 years for $5, yet someone told me it could be higher, since par is the lowest amount it can be. What gets me in this offering why not put $6, since we were building support till our push to $7. At the same time ARKQ, bought over a million shares on that sub $5 drop probably knowing about this sec filling. We can safe to say is that going sub $5 is very unlikely at this point, but if it does we buy it.
News
-New Sec filling suggest they can do more offerings in the next 2-3 years. With price of a share as low as $5?
TA
-Now after market created a massive gap between 7.48-6.88 with us ending on 7.14. Clearly TA is gonna be messy, but we can safe to say this isn't a buy atm and just a hold. A 30% correction from the high atm is at 5.44.
-MACD leans bearish with the crossover and as the red candles on the macd are getting larger, we could see this $6 or even sub $6 next week.
-RSI on the other hand is above 47.77, but has room to go down and test it.
-Strong vpvr levels at 6.37 as our major support and ema is at 6.59, but BB screeches as low as 5.74
Final thoughts
I put this stock as a hold until investors figure out what to do. Investors don't like offerings after offerings and even though this one wont go into effect until next year, it still may piss off investors. For now I'll wait to rebuy until I see strong sideways movement or a test or the low $6 or if it hits sub $6 I'll buy.
News
-New Sec filling suggest they can do more offerings in the next 2-3 years. With price of a share as low as $5?
TA
-Now after market created a massive gap between 7.48-6.88 with us ending on 7.14. Clearly TA is gonna be messy, but we can safe to say this isn't a buy atm and just a hold. A 30% correction from the high atm is at 5.44.
-MACD leans bearish with the crossover and as the red candles on the macd are getting larger, we could see this $6 or even sub $6 next week.
-RSI on the other hand is above 47.77, but has room to go down and test it.
-Strong vpvr levels at 6.37 as our major support and ema is at 6.59, but BB screeches as low as 5.74
Final thoughts
I put this stock as a hold until investors figure out what to do. Investors don't like offerings after offerings and even though this one wont go into effect until next year, it still may piss off investors. For now I'll wait to rebuy until I see strong sideways movement or a test or the low $6 or if it hits sub $6 I'll buy.
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