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.
Exone
EXONE (XONE) • A Growth story in the making part of ARKK ETF3D Printing company part of ARKK ETF
Company recently included in Russel 2000 Index
Potential Strong Growth Stock as 3D Industry is rising from ashes as companies like SpaceX and Tesla using 3D Printed parts.
The rest of the industry will catch up and soon traditional manufacturing companies will also turn into teh 3D Printing Technology.
