NNDM testing yesterdays moveHello, everyone and like before warning of a dump was common in a penny stock catagory and well we got it, so should you buy, hold, or sell? Well you know me the tech with company is amazing and I believe its undervalued as a whole. I have re-entered a postion at 2.7 and 2.5. Now looking at the chart we are testing the range of a support area at that 2.98 range this morning, but its premarket. Most of the investors are bearish cause of the "undervalued" buy at $2 NNDM did.
Now about this offering this was in talks assuming it started at the $.75-$1 range, which me made to think this idea that NNDM was actualy getting a great deal at the time, until they got that technology breakthrough which nobody can predict when stuff like that happens. I'm still bullish on the fact that they spent more money on R&D than their earnings. They even cut operation cost. Now I'm probably hyping you guys up so sorry, but lets go on to TA than more discussion on why the bullish out look is the strong.
TA
-We are testing that 2.98 range premarket and have pumped instead of dump, yet its 50/50 yet I don't believe we will hit $2 if we do dump
-EMA is at the $2 area ironically, but is bullish, yet a dump to $2.12 could happen, so put buys around $2.20-$2.30 if you dca
-We already had a pretty good correction at 2.40 giving it a 50% correction, but like the graph shows a 70% to $1.44, for my crypto friends. Is a possibility, yet i think sub $1 is out of the picture for now.
-MACD is bearish, but could be turning bullish on market open.
-RSI is overbought, yet we are dealing with an unusually moment.
-Target is $4.09 if we are gonna go sideways and weed out the moon buyers.
Now the news
-NNDM has tweeted out that the US air force is looking into using 3D technology on is future weapons, which on money saving its the smartest this thing they can do to cut military spending, so NNDM technology could be used to design the next military weapons and even gear.
-The $2 offering of roughly $35million dollars go live today, not public one investor. i think this is good and shows that investors have confidence in NNDM for the future.
-Alot of analyst are putting this as a buy and some have taken NNDM out of the penny stock territory and valuing this as actual company.
Now again im long on NNDM long term and see great potential, yet it was the moon investors, that have been caught and has increased our selling preasure. I believe my postion at 2.50 is safe, yet 2.7 might test my manhood on holding. I do see more bullish momentum the next 60 days.
