Danimer Scientific, Inc.On the above 10 day chart price action on this penny stock has corrected 98% since February 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Past resistance confirms support. (yellow arrows). 3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over 6 months. 4) The falling wedge formation forecasts a 8000% move as measured from the highest to the lowest wedge touch points. 5) No share splits. True. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: Investment Risk: <= 3% Timeframe for long: Qrt 2, 2024 Return: 8000% Stop loss: 55 centsLongby without_worriesUpdated 373734
100x Bofus Trade IdeaWatch the clip from the ALL In Podcast. Daily and Weekly Double bottom + a renewed sense of urgency screams BOOM to me???? The public outcry will be huge! Longby StarShip2
DNMR LongAnother complex pullback trade, more than 3 r/r, decent adter the recent upswing, not much to write here. Longby caveman140
Danimer Scientific Inc (Long)Entry at 2.70 Take Profit at 2.87 (6.30% profit from entry) Stop loss at 2.41 Longby I_M_Shoaib2
DNMR hit top of descending wedge and confirmed top. ShortAs the title says, DNMR hit top of descending wedge the second time and confirmed the top after the fall from resistance. Looks good to short. Disclosure : Not a financial advice. Just analysing charts. I don't hold any positions in this stock yetShortby shivam94_007Updated 222
DNMR Biodegradable Plastic Biotech: wait for 2 tranch-buy zonesSelf-explanatory both technicals & fundamentals. Currently in bottoming & accumulation zone. Not trading adviceLongby xtremerider80
$DNMR ready to bounceDNMR just offered some convertible notes so it got hit hard but it's most likely to raise money for R&D. Good long-term investment/ESG play Partnered with PEP and the University of Georgia. There appears to be two decent-sized gaps to fill. Longby EBITDAtiger223
DNMR LevelsDNMR coming off a nice weekly double bottom. If it loses 13 area it would be invalidated. Looks like a nice swing... I am a buyer in the 15s and a seller at 21.38, and 29.45Longby Squeeze69690
DNMR more like DNMoneyR (Break+TPS)Sorry for that sh*tty pun but it is "free money". 15k buy in for me we'll see where it goes.Longby agouzzal22112
DNMR: The Future Of Bioplastics?Each Wednesday from now on, we will be publishing an idea about an interesting, under-the-radar stock that we think has long term potential and deserves a little attention. This week, we are looking at DNMR. For those who are unfamiliar, Danimer Scientific is a bioplastics producer based right here in the USA. The company went public via SPAC last year, and after an initial climb, the stock ended up giving back all of its gains as the SPAC speculative frenzy cooled. We like this story in the long term because it's a tier 1 ESG company. The problem of plastic pollution in our oceans is a gargantuan issue, which will require advances in materials sciences to combat. Danimer is right at this intersection, and they have begun to capitalize on it. Increasing sales at a quick rate, and with customers like Pepsi, Walmart, and Nestle, there's some potential here for a long term, stable cash cow. The 2 analysts that cover DNMR have a consensus Buy rating and an average price target of $48. The valuation right now is a bit stretched, however, which causes some pause. At the current price of $15.37, DNMR has a price to sales ratio of 26 (based on Q2’21 sales and outstanding shares), which seems elevated. Nevertheless, it's something worth keeping an eye on. For those who want more info, here's a link to the company's recent 10-K: d1io3yog0oux5.cloudfront.net Cheers!by PropNotes18
oversold ESG play DNMR; go long. biodegradable plasticsThey are currently partnered with Pepsico and the University of Georgia working on fully biodegradable plastics; with Nestle and Walmart already signing on as customers. Got caught up in the SPAC sell-off. Doubtful it drops further so now would be a good time to initiate a long position. One strategy would be to buy half now than wait for a few trading sessions to see how it fares. Oversold based on RSI with a bullish MACD cross on the horizon. Besides carbon emissions, plastics are another significant source of climate change and DNMR is a great way for fortune 500 companies to counteract their footprint and appease shareholders/board members on the ESG front. Longby EBITDAtigerUpdated 2
$DNMR possible breakout spotted a flag pattern that tried to break out and looking to retest that break out. Although the macd, rsi, and volume are looking a little bearish, its my opinion that volume will pick up in time for the break out to reach 30+. by jayge372112
DNMR Head and shouldersA head and shoulders pattern should send the stock back down to $21 at supportShortby lhilaryl331
SHORT DNMR stockIt was a very quite stock with no moves or volumes and only during the last year it went beyond all the imagine limits. If you look at the price now, you can find the huge downside move and trying of those who made it shy to sell it. Shortby AlexStox2
$DNMR - Bounces off support Level? (43.20 - 41.40)In my point of view, as long as stock price remains above 41.40, Long. Target 1 and 2 marked in the chart. OBV and MA30 so far looks ok. Attention to resistance 52 (Gap), breaking 41 after resisting 52 can be very bearish (SHS). So be careful. Not recommended to buy or sell DNMR Stocks. by Samuel12_19801
will coil here for some time and then spike highgo long from the bottom in this chartLongby LetsBeMillionaire112
DNMR; a huge ESG playDanimer has developed plastics that are essentially fully biodegradable. The catalyst for this trade is the overwhelming push for companies and individuals to be environmentally conscious of the impact they have. This combined with Millenials and Gen-Z investors mainly invest in what they believe in; such as being friendly to the environment. This is by no means a trade; this is a long-term investment betting on the fact that every major fortune 500 company will face immense pressure to be carbon neutral and remove all unnecessary classical plastic, especially single-use utensils which is exactly where DNMR has excelled. Their straws and utensils degrade faster, cleaner, and in much less time. I assume this will be in multiple ESG/Clean Energy ETFs. This will help stabilize this young company because of the constant inflows.Longby EBITDAtiger0