DM trade ideas
DM play detailsDM to continue its upward move. Recently merged with TRNE and is the only publicly traded pure-play additive manufacturing company. DM offers the fastest metal 3D printing technology on the market. This industry is expected to grow from 12B to 146B this decade.
Possible minor cup and handle?
Entry: 20.5
Target: 24.85
SL: 18ish
DM in ending diagonal -- 18.32 first, then 25.5I was incorrect in my previous analysis of DM as I was too early in calling 10 dollars. It may still drop to that region but it will go up more first. It seems as if an ending diagonal is forming. Based on fibonacci extensions, I believe there will be a reversal at 18.32 for a wave 4 then an upward swing to 25.5 for the final wave 5 of the diagonal.
Back to the 10 dollar rangeA 5-wave structure as a wave A points to much more downside. We seem to be consolidating in a descending triangle before this move occurs. This will be a large zig-zag formation with 5 waves down for a wave C. Wait for wave C to finish before entering into a long position.
$DM to $21 if it holds here. I don't know what this stock does, but I heard Google owns 10% and I crushed the reversal entry at $16.
Did desktop Metal find a new support line ?Looks like a support line.
What do you think ?
Am beginner, no idea what I'm doing :).
Long Desktop MetalThis is easily my favorite company to come out of the SPAC craze that's currently gripping markets, and right now it's currently available for a solid looking dip buy.
Desktop Metal is an interesting company, essentially leading the second generation of 3d printing, which they call "additive manufacturing". The key difference between DM and the companies of yore is that they can 3d print METAL ALLOYS. Suddenly 3d printing becomes useful for more than prototyping, as DM is able to create metal parts for a fraction of the cost and a 100x the speed of traditional manufacturing.
The company is projecting more than 25% top line CAGR FOR A DECADE - this is a huge opportunity to get long a highly promising company, at a good price to boot as the stock pulls back into the buyable fib zone. I'm long shares and short calls wayyyyyy OTM.
Cheers!
