0A92 trade ideas
Bearish BAT on NNDMScoped this Bearish Bat forming a while ago and wouldn't youknow it. NNDM makes another aquisition to push the stock up. Let's see if it completes.
8/19/24 - $nndm - Long into print @2.158/19/24 :: VROCKSTAR :: NASDAQ:NNDM
Long into print @2.15
- net cash valuation of 270 mm or so (so yea, the company's valuation is basically negative)
- the burn between 50 and 100 mm a year in cash. let's say that's 100 mm
- among the 3D print companies, it's really the only one i've found that's even remotely ownable bc it's a. revenues aren't tiny b. in theory it's growing a bit and c. doesn't have god awful margins.
- fact that it's based in Israel i think has hurt its valuation because of the conflict
- but they report tmr.
- valuation negative and at lows, seems washed out
- look at oil, look at stonks today... conflict ending?
- even my other NASDAQ:NICE (israel stonk) is ripping today
like the setup. i'm long 50 bps into the print.
lmk if u see it differently, always.
V
NNDM spiked out of its low but still has room to the upsideNNDM spiked out of its low but still has room to the upside…
Basic supply demand move
Days NNDM issued share offerings in 2020 and 2021The blue lines are all the days NNDM issues share offerings in 2020 and 2021
NNDM Nano Dimension Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NNDM Nano Dimension prior to the earnings report this week,
I would consider purchasing the 3usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NNDM UP UP UP!NNDM Adam and Eve pattern. HODL!
slowly moving but the trend is UP! first target is 12-13 and once we are above the neck line we are going to have an awesome rally up to $70.
Updated NNDM Chart 02/15/2024Update on the chart.
Had a scare since the last chart when the stock hit the zone at $2.50 and fell sharply but it did not exit the channel.
Price bounced off the bottom of the channel and headed back up. I noticed possibly another/different channel possibility(charted with orange lines and no fill color) that could indicate a reversal. It was weak with only two touches prior to this last bounce. Price did breakout the new channel as well and then back tested that channel and bounced up so it was fairly legit.
Notice price ran through the 2.50 zone. My Theory is the last drop to 2.07 shook out all the paper hands so hopefully it is now a strong level of support going forward.
$NNDM will Rally in 20242024 will be the year of NASDAQ:NNDM Big run. Short Term Target is $16, Mid Term Target is $46-48. Long Term is $100+
My thesis for NNDM running to 3.50 by May**THIS IS NOT FINANCIAL ADVICE**
This to track how well my technical analysis is for securities I may or may not be invested in.
There is a lot going on this chart but I cleaned it up as best I could so that what I see is a bit clearer.
On this chart you see:
1) A fib channel from the december low/march high/june low.
I have removed a lot of the other levels to clean up chart and focus on the most relevant levels that have acted as strong support/resistance.
I have also made the lines dashes and thicker to distinguish it from the fib retracements.
You will thick dashed diagonal lines in orange, yellow red and grey on the top and bottom of channels
2) Two downward channels that NNDM has traded in after a low to high run.
3)Two fib retracements of the last two runs*. I only have the .114/1.114 and the high low points for a reason. They are all that matters for this thesis.
Take note of the 1.114 of the first runup and look at the 1.114 of the last runup
4) Three date/price ranges. The orange horizontal and vertical arrows with white labels showing the percentage of the move, length and volume in white text.
Two of them are based on the last two runs* and the third is a run from the bottomm to anticipated top based on the fib channel (log mode)
5) My customary Supply/Demand zones.
6) A vertical blue line of the range for the latest we hit 3.50.
Based on the current trend I think NNDM is headed to 3.50 and probably at least a weak test of the supply zone that starts at 3.59 by May. June at the latest.
If the test of the supply zone fails, which I think is highly likely, then we are most likely headed back down to test the 2.38-2.47 demand zone.
This will possibly coincide with the bottom of the fib channel depending on timing. We should at least see a sell test to that level and a wick down.
I am still bullish on the stock cause even if the bearish portion of my thesis plays out, it is still a higher low and higher high since the spring/sell test I called out in December 2022
*Runs: Last two runups were from:
December 12th 2022 to March 6th 2023
June 26 2023 to July 27th 2023
NNDM Long term trend about to recoverShowed a bullish star on the daily yesterday, and will probably return back to its long term (6 months) trend.
EOM around 13$
Plotting out NNDM Time Line With Abbot Cooper InvestigationI charted out the dates (vertical blue lines) with what was mentioned in the article announcing Abbot Cooper investigation. I have NNDM and SSYS stock price included in the chart with notes. Hope everyone can read.
NNDM price is the candles. SSYS price is the bars.
I want to point out, if you follow NNDM forum on reddit, Stern purchased a month before I called out a possible markup phase incoming. He sold right around the time I called for a pullback cause NNDM was in an ascending wedge and bulls looked to be getting exhausted.
Nano Dimension Ltd: Trading Idea for 20/10/20233D printer manufacturer Nano Dimension Ltd. has announced an additional $1 billion share repurchase. With these funds, the company attempted to acquire its rival Stratasys but failed. Instead, Nano Dimension management plans to pursue mergers with several other market participants, which will ensure potential income growth and expand its business.
Therefore, today, we focus on the Nano Dimension Ltd (NASDAQ: NNDM) stock chart.
On the D1 timeframe, support has formed at 2.46, with resistance at 2.81. A break in the downward trend is highly likely.
On the H1 timeframe, the short-term target for the price increase is around 4.63; while in the medium term, it could reach 7.25.
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Updated NNDM AnalysisThey are playing with us. They didn't fully fill the gap from June and created a new gap.
If the pennant breaks out it will probably go to ~3.02 which is in that major Supply/Demand Zone and will fill one of the gaps.
This also means the price is going to come back down once it reaches that level at some point. Do not sell at those gaps cause someone wants those shares for cheap.
Updated NNDM Chart On Two Day Time FrameAdded some channels based on speed fans and fib channels.
Drawings are from multiple time frames but the higher time frame is a cleaner and easier to look at.
13/48EMA and 50/200MA are still bullish despite break below 2.63.
NNDM Possible Double Bottom Before Big Sell-OffLooking at something with small risk for a nice size reward. The WLB is a good place for support for a double bottom, but I think it will sell of one more time before it starts its uptrend.
Its possible that the $2.20 level will hold and uptrend could start, but this is a lower confidence scenario
Updated NNDM TA Chart On WeeklySince accumulation has been more than a year, daily chart would be too busy so this is done on the weekly.
You can reference my previously published daily chart.
NNDM Could be ready for another markup phase
My last chart called for a possible markup after a spring in December.
Acquisition news killed that momentum right at a major supply zone.
Price fell and I believe this was a sell test. Price bounced off of $2.16 to start forming a possible second shoulder for a bullish head and shoulder pattern.
The other shoulder was formed in May of 2022 when price bounced off of $2.17.
We can see another rally into earnings and if earnings are really good and advancement in AI tech is mentioned.
A massive run could ensue based on how algos are working today.
There are several minor supply/demand/support/resistance zones between the current price and the major supply and resistance that starts around $2.96. Those are in orange.
The real test of a breakout starts in the $3.50's where the neckline begins and the move could show real signs of strength.
I would be surprised if it doesn't fail the neckline and then fall back to the supply zone turned demand zone below which should be support.
It can have a minor accumulation and then move up to test the golden pocket* at $4.62 - $5.17 or fail the creek/neckline and we go back in the prior trading range.
*Golden pocket is the 618 - 65 fib level. You can see fib levels to the left. This is a fib retracement from the March 2020 low to the Feb 2021 high. $2 is the .382
If you must do a stop loss, I would do it below that. Personally I don't believe in putting a stop loss on tape.
$3.04 is the .5 and in the middle of a resistance zone and has been a huge resistance level.
I won't put them on here cause it would be too busy but it is important to note some major moving averages or in or right around resistance zones:
200 weekly is at the neck line.
13 EMA is right at the lower orange minor zone.
30 Weekly MA is right at the next orange minor zone. This is for the Weinsteiners out there.
The upper minor orange zone is sandwiched between 50 MA and 48 EMA on weekly.
NNDM might be ready for a Markup PhaseThe chart says it all.
Need to see $2.55 and $2.72 support levels hold
If the hard resistance at $3.01 breaks, looking at resistance around $3.75
NNDM - Lets Get Bearish! 🤠For anyone with eyes not rose tinted NNDM is collapsing into a waterfall-esque capitulation structure.
I previously had said that price can get to $4.9 or $3 which did seem to upset a few members but I have revised my count since then.
And this revision is based on that NNDM 2020 upthrust now appears clearly to have been a retracement to then print another leg down - now in process.
This is visually easier to see using the line chart and Guppy trend tool. This was just a big bump in the road before another waterfall down.
There was never any real consolidation and Guppy shows that by not turning bullish.
And price reached up and tagged the 200WMA before falling back down.
All the hallmarks of a B wave.
This is another chart that only goes down and a very dangerous name currently.
First target now $2.5.
Second target $0.7
If second target hit it could bottom around summer '23.
Not advice.
NNDM - Another Waterfall Chart 🌊NNDM apparently a decent stock but this is a waterfall chart now. Not one bullish monthly candle this year its just dribbling down the mountain as sure as a river will find the ocean this will go sub $1 and who knows where it will stop.
This is a short selling chart.
Not advice.
