DM trade ideas
DM Reversal? A good Long Term play regardles.$DM - Started reversing from the double bottom with an oversold Stochastic. Desktop Metal is a solid fundamental company as they are industry leaders and are more efficient than their competitors. Fair value targets are ahead of the current price, and the huge pull back from the highs has created a solid entry for the long term. If it can break 19, it’ll go to 21 before another potential pull back.
Bullish on DM(This is not financial advice)
Hello everyone, this is some TA I did for my watchlist over the weekend on Desktop Metal. For anyone not familiar this is a 3D Printing stock and will do very well long term in my opinion. This stock has a had a big sell off and is very oversold.
I am a big fan of Desktop Metal and have done a full fundamental analysis on it. This company is a great long term hold or awesome for short term swing trades. This stock has fallen more than 50% in the past month or so but is a very solid company and will do very well in the 3D Printing space. Like PLTR people are moving into these types of innovation stocks now or will start to soon and all these stocks are on sale right now. If it bounces to all time highs you can see over a 100% gain but if it bounces to a very strong support at 21.50 you will still almost have a 50% gain. The odds of it falling below this strong support are pretty low. The RSI is rating it oversold and coming out of this head and shoulders along with everything else I am very bullish on this stock.
Let me know what you guys think of this trade and the company in the comments. Along with a like and follow if you like my ideas.
Thanks!
- Vlaire
Desktop Metal BottomingNYSE:DM , not sure what this is, but this looks to have bottomed. Market permitting, this should go off.
3D BuyThis sector could go into total collapse with all this hot money, but this looks like a good buy if you are shopping for one.
Desktop Metal - Attractive Entry Point- DM is trading at its 200 MA after an impressive run up to $34/s.
- RSI has entered oversold territory.
- Assuming the stock holds its 200 MA support, this offers a good entry point to initiate or add to your position.
NETX CONSILIDATION After resting at this point there will be a breakout in the nearest term, this will determine strong trend on the undergoing features in the daily activities which will resolve to the next consolidation for a BULL RUN.
What Is Happening Right Now; Short Explainer w/ Some Trade IdeasJust a quick explainer for people who are getting smoked and don't know why.
DM - Expanded or Running flat?Hopefully Senorita Wood blows this beast up! 3D printing space will only continue to grow. Might not be too great for certain jobs, but even industries we think are safe aren't far off from extinction. What's your view on DM?
Desktop Metal Elliot Wave completion - target $40I am working on trying to learn Elliot Waves, here's my feeble attempt. I have noted the corresponding Fibonacci levels, which appear to coincide with the "rules", as well as impulse and correction waves within. Price is currently at the 50sma, lets see if it holds. KDJ and RSI also appear to have reached recent term bottoms. I will be opening a position in the A.M. Let's see how it goes. Constructive criticism welcome.
Double Bottom, price target 29 USDDouble bottom, price target 29USD
MACD cross over buy signal
Potential Bollinger band squeeze,
Selloff did not deduct price massively on last trading day despite large volume
DM taking a breather before going long?DM has had a lot of nice bullish movement lately. I expect it to take a breather and consolidate or move back down to the next fib level before eventually making new ATH's. Upcoming ER could be a catalyst that drives this one to new ATH's.
DM 3D Printing StockDesktop Metal is 3d printing company that is backed by Virgin Galactic CEO (Chamath), as he mentioned It is an important company that is fighting climate change. Great Long Term potential and good add for Shares here. Options I would wait to play the the sub wave 5 of wave 3 up as it looks like its going for a continuation to $33 to complete that sub wave 3 of 3.
