NNDM
NNDM Swing/Long positionNNDM seems to have broken the downward triangle pattern. This, combined with a double bottom and volume seems to indicate a bullish movement.
For a wing trade, I'd take profit at around 9.7 where it seems to meet a big resistance.
Longterm, I'd look at least at 12-16.
My stop loss is at 7.4
I am curios what other people think.
Edit: Forgot to say that on 27.04.2021, my unusual volume scanner picked it up. Last time it had it, there was a big bullish movement.
NNDMNNDM:
After a breakout, the old resistance level is often tested again. So far the chart looks very solid.
The chart clearly shows how strongly the resistance level reacted at 9.00.
At the current level, we need purchasing power again. The breakout was already successful. Now we have to watch the next trading days.
$NNDM - long term hold$NNDM had an explosive run this past year, now back to huge support levels, accumulation may happen around this area between $6-$10 range before another run up to test $17 again. This is an entry here, holding shares for 1 year at least and see what happens. $NNDM also just acquired NanoFabrica for $59 million, I expect this to have another run soon.
NNDM acquires Deep LearningNNDM an old stock I traded last year has acquired Deep Learning. This in return will help NNDM grow in the long the term by adding this AI too their machines for more precise pcb boards and other electronics. Competition with Deep Learning is none to my knowledge of in the 3D printing field. There are two other AI companies that could get acquired by another company that I know of which are Google's AlphaZero and DeepMind. Again in the 3D world there isn't much competition, which NNDM might rise to over $40 a share by eoy if the stock market picks up.
TA: in the short term
-RSI broke out which is bullish for a reversal/untrend
-MACD is bullish
-Downtrend as been broken, but now guessing there is a second. As an investor or speculator on the sidelines you may want to wait for a breakout above the resistance lines unless you feeling frisky.
-Resistance is at $7.58, $7.33, $7.79, and $8.16
-Support is at $7.14, $6.73, and $6.59
-We are close to the 50ema and hope for a breakout tomorrow. If not then NNDM will suffer on the fate of the whole market and not the news.
Final toughts
Seeing them get into AI they could have massive swings like VERI, which is another out AI stock that was a pennystock in price at the start of the pandemic. I will continue to watch this stock, but its risky jumping into an acquation trading with a bearish market. Most tech and growth stocks are down, so its very possible tomorrow this pump would be short lived. I give it a long, but I would remain neutral and could pickup a few shares. A guy on YT does the 33% trading style which is buy a $100 on day 1 wait buy another $100 on the dip and wait and spend your last $100.
How long do you think it is gonna last?NASDAQ:NNDM
On 16th April, the price action was bullish with a spike in the traded volume. Now I can't say for sure, but if it breaks the resistance shown with the black line at points A or C, the bullish reversal may be on the way real soon. But if it breaks the support at $6.68 at point B and $6.27 (orange dashed line), the next support will be at $5.35. So I guess we just have to wait and see how it will all play out.
This is not in any way financial advice.
*The solid blue lines are Fib retracement lines
**The dashed orange lines are Volume profile
What do you think will happen!?NASDAQ:NNDM
I don't think there will be much change in the price till Thursday, and by that, I mean the price action is in range (Figure on the right).
But I wonder!? I have noticed many people show the descending triangle, saying there will be a bullish breakout, but from what I see, depending on the time frame as shown in the first and second figure from the left, it could be either a bullish or bearish breakout.
Now I know no one can tell for sure what is about to happen, but I want to see how many people think it will be bullish and how many think it will be bearish.
I would appreciate any constructive criticism regarding the chart analysis as well.
We can go dip - NNDMHi everyone,
NNDM could test even the resistance around 7.57 if the markets continue to be volatile. This is not an advice.
Consolidation periodNASDAQ:NNDM
Before anything, I would like to say if you disagree with what I have to say and believe there is a mistake somewhere, I would appreciate your input and comments. I am always open to learning.
Now let me start by pointing out that I think we are in the consolidation period since the volume area (VA) is in the middle of the volume profile (VP). I see the possibility of the price action going in two different ways. As is shown in the chart with the purple box, there is a support in the $7.58 - $7.89 range; breaking below it could mean that the bleeding will continue even further to either $6.50 or $5.35. Though the volatility is declining, the Klinger oscillator, MACD, and ADX indicate the ongoing bear market.
On the other hand, the trading volume has a downward trend for the past couple of days, suggesting that the bears may be losing their strength which could mean that the price may bounce back up to $9.30 - $9.73.
Of course, no one can foresee the future, but since I like the Nanodimension, I wish for the best and hope for much good news to come real soon.
NNDM: Buy setup formingFollow up to my previous NNDM post. It is setting up nicely. I'll post a few other scenarios in the updates log. Still bullish. Looking to add some more soon.
Are you still bullish? What is the chart telling you?
I think we are in the accumulation period....NASDAQ:NNDM
It looks as if we are in the accumulation period. The company has not released any negative reports, so there is no reason to believe the current bearish market has anything to do with the product.
The Accumulation-Distribution graph is showing a bullish trend though the RSI and MACD are bearish. This, to me, looks like the smart money period. The price is not rising or falling drastically (though the price action may go down slightly). It is clear that the volatility is declining, and the market is getting to a stable state before it makes any real move again. It may take a while before we see a bullish rise, but it will be there sooner than later.
Both the Volume profile and VWAP indicate a higher price based on the volume traded since 5th March, which is a good indication.
As I said, this, in my opinion, is the smart money period, and accumulation is taking place; the fall in the price may be happening due to the retail investors cashing out.
Just make sure you take these words with a pinch of salt. After all, no one can definitely predict the future, and the news regarding the 3D-printed IC that was sent to space is not out there yet.
Let me know what you think. I appreciate any constructive criticism.
These are not investment suggestions, so proceed with caution.
P.s. I personally think that the market makers are conspiring to scare off the retail investors that triggered a lot of news (which you may or may not have heard of) the past couple of months. But enough conspiracy theories. All the best.
Monday could be good or .....NASDAQ:NNDM
The left and middle charts show the candlestick patterns in a daily timeframe, and the right side is in 10 minutes timeframe.
Looking at the right side, it is clear that the price action remained within $10.51 resistance and $9.65 support on Friday.
Looking at the Daily charts, Friday's price action resulted in a possible Morning Star pattern, depending on Monday. If Monday is green, then it confirms the bullish trend.
Some indications make me uncertain, which is why I have included the chart in the center. By looking at the daily timeframe from 17 Dec 2020, it looks as if a bearish head and shoulder pattern is forming, which may be wrong, but I still find it necessary and important to mention.
Of course, I personally look forward to a bullish trend very soon. Since the news about the RF IC being sent to the international space station, it looks as if the Volatility is declining, while RSI and MACD are giving a mild bullish signal (chart on the right side), suggesting an accumulation period which is a good sign.
Let's see how It will be on Monday. If the bulls get stronger, then by the end of the month, we could get to $12.80.
Let me know what you think. I appreciate your comments.
Today will determine how the rest of the month is going to be!NASDAQ:NNDM
Currently, the price action is above the median band and close to the upper band of the Donchian channel. The MACD is showing a buy signal and RSI and MFI are both near the overbought limit.
Depending on how the market opens and plays out today, by 11 to 11:30 am we will know if the bullish trend is on the way or we are in for a longer bearish period. Hopefully, we remain above the lower deviation of the regression trend.
Let me know what do you think. I will appreciate any input.
-----This is not an investment suggestion-----
NNDM, if it breaks out, this is going to be omgNNDM waiting for breakout from the head and shoulder pattern
Nano Dimension Inverse Head And Shoulders Bullish Breakout$NNDM has been following an inverse head and shoulders pattern since February. It has now broken out of the pattern and managed to stay above the neckline after retesting it yesterday. I expect bullish price movement towards a $17 price target as long as Nano Dimension continues trading above the neckline.
Congratulation to everyone who bought the single digit dip during the correction and held on to it!! $NNDM has been a beast during this market correction, arguably bouncing back as fast as it fell. We could see this momentum carrying on as we head towards $17.
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NNDM Bullish Engulfing Chart looks pretty with bullish engulfing and MACD & Signal lines cross (almost).
$NNDM - Held Through Earnings$NNDM is having a R2G Morning and looks to be making a green engulfing candle. Earnings missed, but maybe the low was already in after all this selling. Looking to test 50MA, then we will see where it goes.
NNDM Will probably fill up to 4 gapsIts probable that those past gaps will be fill in the next weeks, if Kathy stay in the play it's for sure that the institution drop the price in order to be able to buy more or just recovered their initial investment. Watch real close I have been waiting until this day to get back in this company with couple of contracts. Happy trading :)
Reversal maybe on its wayTVC:IXIC NNDM IDEX
It looks as if the downtrend is over. I think it is time to reap what we sowed.
There is a clear sign of hammer candlestick. This week will determine if the downtrend is over.
