NNDM
Mr. West Monthly notes Report JanuaryTrending up: NNDM, MVIS, REKR, RAIL, PBI, DENN, HIMAX, SYN, BOTZ, HERO, UA, GE, ZNGA, JBLU
Trending down: CSX,
Consolidating: CAN, ROKT, AESE, MICT, JETS, NCLH, ACB, CRON, XELA
Today's notes will reflect the number of up trending stocks that are on the List. Ticker symbol NNDM has been making some great moves in the market. Overall, NNDM has grown with the highest percentage out of the 25 stocks on the list for the month of January.
NNDM PRICE TARGET | MASSIVE POTENTIAL!With a fast paced world, crypto taking over sky rocketing, EV tech companies booming (thanks to TESLA)
you get to forget about what's really left on the table, we get carried on with the hot stocks but many of the golden dust is left behind.
While all prices are flying there is one in particular that had been falling for a long time but is now at the deepest in the ocean.
Normally this wouldn't mean go buy it just because its sunk deep in the ocean, but this time around we have the fundamentals to back up our bullish case.
We are in the deep discount pricing in terms of monthly, weekly, daily.
This from a technical perspective is a sign of bullish intent.
When do institutions add to their positions? whenever price is falling
We have added to our positions today at the price of 8.08 what a good day to go shopping!
Fundamentally, 3D printing is slowly revolutionizing our world.
There are various of ways this could benefit NANO DIMENSION.
The possibilities are endless, from creating robots to chips used in fighter jets. Creating robots on space 3D printed
now in space they would need to utilize every inch so this is where Nano Dimension comes in very useful as it packs everything together
in a very unique way nobody has ever created before.
Many hedge funds and investments such as Ark-investment group, take advantage of such days in the market.
We highly recommend to do your own research and refine an entry based on your ideology of the market.
Trade like the devil, flow like the devil.
NNDM Daily - The calm before the stormThe winds are a blowin...
We've been talkin about this stock for a while now. The chart setup is ready. No more offerings because the shelf offering is gone. So honestly it is smooth sailing in a BULLISH direction. And my goodness look at those EMAs.
I am long on this, mainly CALLS. Will probably add some common shares during dips.
*posting again because last was made private by mistake*
$nndm
NNDM 1hour offering againNNDM posts another offering in the middle of the night.
Details to be released in the morning but many locations are confirming this right now. Don't forget they JUST had an offering the end of December and they are pricing another one. Typically, multiple offerings with a company is not a good thing, but I don't think thats the case with NNDM.
On board, long. Loading up tomorrow.
$NNDM $SPY $ARKQ
NNDM 1hour with fib retracementPotential upside on this stock is unbelievable.
I am a day/swing trader. I look to enter a position and exit with as much profit as quickly as I can. BUT, with this stock, I am building my long term portfolio around it. I love the company, I love what they produce, and most importantly I love the upside the chart shows me. It will be a $400 stock someday. It has that much potential.
Right now we should see, with enough volume, a clean break through $10 over the next week. Look for this to get some attention due to ARKQ Holdings being in the news for recently adding to their portfolio.
Love the stock. Currently long, and I mean long.
NNDM rising wedgeNNDM is forming a somewhat steep rising wedge, which is a bearish pattern. MACD is curling down and RSI shows a bearish divergence with price.
If you own the stock: if the price closes the daily below the lower line place your stop loss very tightly because the breakout of these formations hit the target very fast. According to Bulkoski prices should fall to the bottom of the formation.
If you want to short: place a sell order just below the lower line of the wedge with a stop loss just above it. The main target is the bottom of the formation but that doesn't need to happen. If you want to guarantee some profits you can place other targets in between (mainly the previous support/resistance levels) if you want to take cash some off the table on the way down.
Keep in mind the rising wedge can also work as a continuation pattern although most of the times it does not.
I own quite a few shares of NNDM. I am looking to unloading them if we get to the top of the channel depending on how the trend looks when/if we get there.
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
NNDM correction then ripping!NASDAQ:NNDM NASDAQ:NNDM NASDAQ:NNDM
NNDM has been on a tear. It hit $10 and then started to pull back. Based on RSI and MACD, it looks like it's in overbought territory. Looking at historical trends, a correction here to $8 seems reasonable. If there's support at $8, I can see this shooting back up.
Profit target #1 - $12.
Profit target #2 - $15.
LFG!
NNDMi was looking for an entry at 5.60, but I missed, and WILL not enter it, since I am late.
anyways, the channel looks clear, since we have the flat support and the two trendlines, so I expect it to go sideways-upwards in the channel, just make sure, if you want to jump in, to not do so when the price is in the top of the channel. (if you are long, of course)
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.
NNDM 's new price targetsNNDM continues to rise with people in disbelief, so whats next? Well it is fact that we will get another offering by the end of December, but at what price? As of now it would look like at a 5-6 dollar target is likely, but what if we continue to run up, will it change the offering price? The higer the price gets the dilution drops, since the last offering will be worth 50million dollars. Let's say we hit 12 dollars and they do an offering at 10 dollars, this will cause a 5million share dilution, but if they do it at 5 dollars it will be a 10million share dilution, so we want a higher price before the end of December. Insitutions on the other hand don't want a higher price since they want more shares. Now looking at the chart it looks pretty dam bullish with good pull backs that only last a day.
News:
ARKQ bought 1million shares on the 24% drop on the Friday before. Also the other 3d company they held a large position in, SYNOPSYS, has dropped alot in their portfolio with NNDM now a head of them. SYNOPSYS is worth over 200 dollars a share.
Another investment firm known as CVI bought 5million shares on Wednesday, but they aren't as big as ARKQ with a portfolio slighly below a billion dollars in holdings. Besides that not much info on them.
Their last offering of 100million dollars would be used to buy out another company.
Rumor is start of q1, nndm will partner up with a major defense company
TA
-We are holding above the 47.77 on the RSI which is bullish and could be seen on both hourly and 5min chart.
-On both the hourly and 5min we are bouncing off of the 50ema, which shows we are in a bullish market and bears will get slaughterd.
-MACD looking prime for a crossover with Monday leaning green.
-Next is price targets. Not much to go off, but these targets are based on hits from the dump in nndm stock in the past. First target is to break 6.99, than we have a high chance of hitting 8.16. Next is 9.53 and after that 12.38. If you are on desktop I do have two more which are at 19.14 and 28.79. Again to come up with these targets, the candle sticks would have to have gone sideways or touch atlest 3 times to be known as an area of interest.
Final thoughts
I remain bullish and own over 1200shares and will keep buying with more bullish institutions coming live. It is very possible next year this stock will be worth over hindered dollars a share.