$NNDM Time To Be Scared?
Nano dimension has had a hell of a run since May 12/13, but now the market can't decide what to do. Theres one side that main stream believes, which is inflation and the upcoming collapse of the market or the side of Cathie Woods which we will experience deflation. How can that be with money printing from 2020? Well we aren't printing money as fast now in the United States since the economy is reopening. IMO the money printing was unneeded to the degree it went, but now it has slowed down the market goes higher? One explanation is that the big money left in 2020 and the gov is the one who recovered the market with retail and now the big money is getting in at highs and complaining on mainstream media. This is just an idea and not proven fact.
We are here however to talk about NNDM, which has had a rise of 65% from May 12th/13th while bitcoin has fallen as low as 46% from that date. Correlated? No telling, but in Coinbases COIN er institutions controlled 60% of the volume in Crypto, so who knows. At the same time we talked about valuations of NNDM at $5 didn't make any sense, so was a recovery of oversold stocks? No telling, but the future does look bright with recent news in NNDM despite NNDM dumping at $9 as the NASDAQ continues to rally, so should you buy?
News
-CEO increases his position and owns 12% of the company. This is bullish facevalue, but the only downside he will have a strong weight in the voting. Many people are scared of more shares being sold, but thats unlikely, so this news is bullish.
-NNDM joins the 3dprinting etf. This might not mean much, but looking at the etf since 2020 it has increased from the lows of 2020 by over 300% and passed prepandmic lows.
-EX amazon employee becomes president of the america business side of NNDM. With recent news on Amazon and its continue growth. An EX high up employee joining NNDM is amazing long term and shows that NNDM is serious on its growth with their 1.4bil in cash.
-Upcoming news is 4 acquisitions, which two will make the business profitable so its a matter of time.
TA
-RSI is over sold which is bullish in the short term, but resistance is at 47.77
-MACD looks like a reversal is going to go green unless the shorts are going to take it down.
-We are range bound between 7.31ish to 8.09, which was a range we had before we broke out and head towards to $9
-We are in the low range of high vpvr levels, with 7.69 would be a short term resistance till we go test the $8 again
-A 70% correction from the recent high of 9ish is at $6.60
Final Thoughts
I hold my position and bought more at 8.20ish and I am up still, but not much. If you are up you can nibble or wait till 7.30ish, but its a high risk with the recent bullish news and growth the Nasdaq. Overall I think this selling is overblown and will remain long at these levels.
We are here however to talk about NNDM, which has had a rise of 65% from May 12th/13th while bitcoin has fallen as low as 46% from that date. Correlated? No telling, but in Coinbases COIN er institutions controlled 60% of the volume in Crypto, so who knows. At the same time we talked about valuations of NNDM at $5 didn't make any sense, so was a recovery of oversold stocks? No telling, but the future does look bright with recent news in NNDM despite NNDM dumping at $9 as the NASDAQ continues to rally, so should you buy?
News
-CEO increases his position and owns 12% of the company. This is bullish facevalue, but the only downside he will have a strong weight in the voting. Many people are scared of more shares being sold, but thats unlikely, so this news is bullish.
-NNDM joins the 3dprinting etf. This might not mean much, but looking at the etf since 2020 it has increased from the lows of 2020 by over 300% and passed prepandmic lows.
-EX amazon employee becomes president of the america business side of NNDM. With recent news on Amazon and its continue growth. An EX high up employee joining NNDM is amazing long term and shows that NNDM is serious on its growth with their 1.4bil in cash.
-Upcoming news is 4 acquisitions, which two will make the business profitable so its a matter of time.
TA
-RSI is over sold which is bullish in the short term, but resistance is at 47.77
-MACD looks like a reversal is going to go green unless the shorts are going to take it down.
-We are range bound between 7.31ish to 8.09, which was a range we had before we broke out and head towards to $9
-We are in the low range of high vpvr levels, with 7.69 would be a short term resistance till we go test the $8 again
-A 70% correction from the recent high of 9ish is at $6.60
Final Thoughts
I hold my position and bought more at 8.20ish and I am up still, but not much. If you are up you can nibble or wait till 7.30ish, but its a high risk with the recent bullish news and growth the Nasdaq. Overall I think this selling is overblown and will remain long at these levels.
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