NNDM Looking Primed for a Long Trade!
Updated
NNDM LONG
NNDM starting to look very nice for a move higher.
Just entered a nice demand zone with 200sma close and 5.98 support.
Scale in slowly and keep a tight stop under $5.98.
OPTIONS BUY TIME AND CLOSE TO THE MONEY OR IN THE MONEY
SHARES SPREAD OUT YOUR BUYS. DOLLAR COST AVERAGE IN!
It wouldn't surprise me if we see NNDM consolidate for some time before running again so just be careful with position sizing and if you are playing Option the IV is over 100% on all contracts so you are paying a solid premium to enter.
NOT FINANCIAL ADVISE ONLY MY OPINION ON THE STOCK!
NNDM starting to look very nice for a move higher.
Just entered a nice demand zone with 200sma close and 5.98 support.
Scale in slowly and keep a tight stop under $5.98.
OPTIONS BUY TIME AND CLOSE TO THE MONEY OR IN THE MONEY
SHARES SPREAD OUT YOUR BUYS. DOLLAR COST AVERAGE IN!
It wouldn't surprise me if we see NNDM consolidate for some time before running again so just be careful with position sizing and if you are playing Option the IV is over 100% on all contracts so you are paying a solid premium to enter.
NOT FINANCIAL ADVISE ONLY MY OPINION ON THE STOCK!
Note
NNDM is still trading in this $2 range but it has been looking much stronger and may start to break higher soon.
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