$DM Long off the $2.20 LevelBuy at $2.20 ,first speed bump is at 2.80 then we got the big round # $3.00 ultimately we get back to the $5.00 level.I am long @$2.20
DM trade ideas
Watch List Rundown - Incorporating Time Frames and indicatorsThis exercise incorporates your watchlist with you indicators. How many stocks in my watchlist are telling me the story I want to verify to enter into a trade. Goal, find a indicator that correlates with the move you are attempting to trade. In this scenario we are looking for Green Volume Sticks for long entry. Using the 12M Time Frame give us the 50,000 foot view of whether or not the overall volume is buys or sells.
$DM LongI think this thing has room to run. It's had its $h!t pushed in. It's broken it's down trend. It's down massively. Good risk reward if it doesn't go bankrupt.
DM | This will FLY HIGHDesktop Metal, Inc. engages in the manufacture of additive manufacturing solutions accessible to engineering, design, and manufacturing applications. It operates through the following geographical segments: Americas, Europe Middle East, and Africa, and Asia Pacific. The firm offers 3D printing machines. It was founded by Ric Fulop, Emanuel Sachs, Rick Chin, A. John Hart, Yet Ming Chiang, Christopher A. Schuh, and Jonah Myerberg in October 2015 and is headquartered in Burlington, MA.
$DM Long in to Earnings{Buy @ $1.80 , Sell @ $3.50} $2.00 Stop Raid already took place ,i think we see higher prices with good Conf. Call
Searching The Ocean Floor For Beaten Down StocksInvesting in beaten-down stocks can be a tempting prospect, as these stocks often come with the allure of potentially high returns at a discounted price. However, it's essential to be aware of the risks associated with such investments. Beaten-down stocks typically belong to companies facing significant challenges, whether it's poor financial performance, management issues, or adverse market conditions. With that being said, I don't ever think it's a good idea...
Unless...
You think you've found something that the market has totally miscalculated in its valuation. I am not a believer in efficient markets, and thus, I must occasionally believe that bargains are possible.
The companies on this chart are all beaten down stocks. I'm not saying that they are buys or sells. Just that they are on my watchlist. It seems that one or two of these may be totally misvalued.
I need to do some research.
I don't know enough about these companies, but they are now on my watchlist.
Here's a brief overview of the symbols listed:
Desktop Metal NYSE:DM - This 3D printing company experienced a rollercoaster ride in its stock price due to the volatility of the tech sector. While the potential for revolutionary technology is there, investing in a beaten-down stock like Desktop Metal carries the risk of prolonged losses if the company's products fail to gain widespread adoption or if competition intensifies.
Expensify NASDAQ:EXFY - Expensify is in the business of expense management software, a niche that is subject to market fluctuations and competition from larger players. Buying beaten-down Expensify stock may lead to losses if the company struggles to differentiate itself or if its customer base doesn't expand as expected.
Canopy Growth NASDAQ:CGC - As a prominent player in the cannabis industry, Canopy Growth faced regulatory challenges and market volatility. Investing in this beaten-down stock entails the risk of ongoing legal and regulatory hurdles, which can significantly affect the company's performance. The cannabis industry also faces competition and supply chain issues that could impact profitability.
Vimeo NASDAQ:VMEO - Vimeo, a video-sharing platform, competes in a crowded market alongside giants like YouTube. Buying beaten-down Vimeo stock carries the risk of underperformance if it fails to capture a significant share of the market or if user engagement doesn't meet expectations.
Allbirds NASDAQ:BIRD - They make shoes... they had a euphoric moment, but it's been nothing but down ever since. Closed stores and more. I still see people wearing them and their material is unique. I don't own a pair, but I need to check the shoes out a little more.
That's all. Update coming in a few months.
Breakout of the diagonal trendline on DMDesktop Metal, a 3d Machine and parts manufacturer broke out of its multi-month diagonal trendline that acted as a resistance. Break out with very important volume and perfect retest so far.
One could also see the breakout from a big falling wedge.
The last earnings were better than analysts expected and I think the company has very good technology, integrated with AI 3D manufacturing will be the future of industrial production.
Defetinaly a buy and hold for me, will accumulate as much as possible if it will form an accumulation range between 1 to 2.6 $
looks like could be a good trade for SMALL ACCOUNTSRelatively cheap stock with good chance at going up if it can hold above $1.88!!
Green in your DM Desktop Metals pond fishing 3D printer“I would not be a Moses to lead you into the Promised Land, because if I could lead you into it, someone else could lead you out of it.”
“A privately owned world can never be a free world and a society based upon warring classes cannot stand.”
Desktop Metal, Inc. engages in the manufacture of additive manufacturing solutions accessible to engineering, design, and manufacturing applications.
It operates through the following geographical segments: Americas, Europe Middle East, and Africa, and Asia Pacific.
The firm offers 3D printing machines.
It was founded by Ric Fulop, Emanuel Sachs, Rick Chin, A. John Hart, Yet Ming Chiang, Christopher A. Schuh, and Jonah Myerberg in October 2015 and is headquartered in Burlington, MA.
Will the breakout hold ?With incredible QOQ results (68% improvement QOQ), the recent acquisition of ExOne (which is the main reason for stock's decline due to dispute in stock compensation of ExOne's shareholders) and now Aidro, which has been 3D printing hydraulic-related parts, the fundamentals of this growth stock look pretty strong, while the share price is near its all-time low. It looks like a good time to accumulate long position in this stock with a multi year timeframe.
On the technical analysis side, DM broke out of descending wedge and has met resistance at 9$. If we can cross that, more upside is to follow..
Disclaimer : This is not a financial advise. I analyse charts for educational purposes. However, I hold long positions in DM stock.
DM added on to positionAdded onto my DM position here after it broke out the top of the channel. Very small position here with a generous stop loss.
DM Head and Shoulders + ChannelDM in moving within a channel. I also noticed a weak head and shoulders forming.
DM long idea of reverse trend trend reversal might be possible with the known Reverse head and shoulders. Of course, we need to break above the previous high first for better chances.
Take all the money you have and long it if this happens.
Take care!
earnings should see a beat and a guide upwards $DMWith the infrastructure bill getting signed and earnings as a catalyst I think this stock will take off. Consensus EPS of -.08 while earnings whispers of -.10. I think it comes in above both resulting in a big surprise and a jump in the stock.
Pennant formation combined with what looks like a coiled RSI.
in 12/17 $10 calls.
$DM to gap fill and run over next few months$DM is looking like it's holding support fairly well here. Should perform well over the next few months.
Analyst price targets ranging from $8 to $22
Head and Shoulders on Desktop MetalI think it will head towards the 1.13 fib extension soon as the US Dollar and 10 Year Yield continues to rise.
go long Desktop Metal $DMTechnical Thesis:
-double bottom
-20 day MA on the verge of a steep cross up through the 50 day MA
-average volume is trending upwards
-it broke out with significant volume
Fundamental Thesis:
-YoY Profit margins are trending upward
-from 2018 to 2020 their debt to assets has fallen significantly
-on the Macro side, with the ability of large-scale production and companies now needing to diversify their suppliers, Desktop Metal should benefit from growing their amount of clients, increasing cash flow allowing for more R&D, paying off debt, and improving margins.
-possibility of being acquired, possibly by an automaker to improve the speed that they can produce. (like Tesla trying to acquire Velo3D)
-currently the 2nd largest holding in Cathie Wood's PRNT ETF at the time of this post. in-flows will help the stock
-they are figuring out a way to 3D print synthetic wood, which would make them an ESG play since it would reduce the need to cut down trees. Becoming an ESG play will only result in more in-flows.
-Oppenheimer and Credit Suisse initiated coverage. The street is starting to take notice.
Price Targets:
Credit Suisse: $14
Oppenheimer: no target
Sources:
www.forbes.com
www.dailyadvent.com
www.streetinsider.com
DM Reversal/Breakout IdeaMight be worth watching. After a long slump and a short pump, DM appears to be setting up for a reversal. Question is, why was there so much buying volume recently? Hedge funds loading up or short sellers covering? Positive news? These are things to think about/research before making any move.
Otherwise, looking for a price reset somewhere near the middle of the BB, then a price move higher, retaking recent highs.
If, however, the price resets towards the bottom of the horizontal channel and respects recent lows, that last surge of buying volume may have simply served to establish stronger support in this range.
This is not investment/financial advice. Do your own due-diligence.
Cheers!
Desktop Metal looking to make movesAfter a long draw down on the weekly chart, desktop metal has formed a falling wedge with macd bullish divergence, and broken out.
If we break out of overhead resistence, we could see a nice retracement towards the .5 fib node. This would give us a dow theory retracement.
watch for the trendline breakoutDM needs to break this down trend resistance before it sees more upside, once resistance breaks we can target 10.7,13.09 and 14.28
Desktop metal Inc longThis looks bottomed out.
increase in volume on the daily chart on the break out.
retest
