Long

Nano Dimension... cooking

Updated

A bit sloppy but has some energy in it for a big move. Long from 6.8

Note

I'm more of a big picture guy so let me show you what I'm seeing on a daily time frame:

1) We have a bounce off the 21d MA

2) We have a bounce off the key trendline that's been supporting price since the uptrend began off the lows

3) Then we have a major breakout on the monthly with an inside up:

Cathie Wood's ARKInvest now owns over 4 million shares. Her fund has been accumulating.

30% of the float is short...

Note

Breaking above. Relative strength in a weak market... Sexy:

Note

Trade management:
Now we adjust risk and refine the exit strategy. Pay attention to significant levels in the past. This helps guide your trimming spots/areas where you need to pay more attention.

I expect selling pressure at level 1, which eventually gets broken and hits 12.20 as the second target. 3/4 of my short term options (Jan 15 calls) will be sold at or near level 1.

Trade closed: target reached

Trimming at level 1 (9.35) letting some run

Note

Notice how much NNDM struggled in the red box. Another opportunity to trim here with the retest:

Note

Needs to get tighter under 9.5 to see a break above that level. More importantly we need to consolidation above 9.55 and we reach for target 2 at $12.20. I took most profits at 9.35 (level 1) but monitoring to add back.
Here's what I expect:

Lanmar

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