NNDM
As requested, what I think about NNDM! 👀As @rktraders requested, here are my insights about NNDM!
The 8.15 is an important support to watch. It is still in a bear trend, and there are nothing saying it’ll reverse, for now, but if it breaks the 8.15, it might just drop more, maybe to the 7.40, so be aware of this point.
Another thing that tells me that the area surrounding the 8.15 is important is the 4h chart.
We are just above the 20ma, after a pullback from the 9.29 (almost 9.32, the previous support), and we are above the 8.18, one of the previous tops.
NNDM is doing a lot of precise movements, following the TA principles pretty well. Now is the time for a reaction on the stock, otherwise, it’ll just keep dropping. At the first green candle you see in the 4h chart, it’ll be a buy, in my view.
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NNDM - FIRST TARGET CHECKJust charts
Last update:
"Next big target 11.80 - 12.14. That depends on whether wave 2 has already reached the low. Basically there is the possibility that wave 2 can correct wave 1 up to 99.9%. A logical target is 38.20 - 61.8%. We have already achieved 38.2%, so we have the possibility of reaching prices around 12 in the next few months. This theory would be confirmed if the price found support at 8.15. The 78.6 fibo level serves as a reversal signal and start signal for wave 3. We are currently at this point. If the price rejects there, it is possible that wave 2 will reach another low. So be prepared that we can see prices at 7.27, 6.91, 6.56 or 6. 05 again."
NNDM - current situation Next big target 11.80 - 12.14. That depends on whether wave 2 has already reached the low. Basically there is the possibility that wave 2 can correct wave 1 up to 99.9%. A logical target is 38.20 - 61.8%. We have already achieved 38.2%, so we have the possibility of reaching prices around 12 in the next few months. This theory would be confirmed if the price found support at 8.15. The 78.6 fibo level serves as a reversal signal and start signal for wave 3. We are currently at this point. If the price rejects there, it is possible that wave 2 will reach another low. So be prepared that we can see prices at 7.27, 6.91, 6.56 or 6.05 again.
NNDM Research and Quick Snapshot
- Not trending on sentiments, but positive sentiments on stockwits with 70k Following,
which is pretty good.
- Price analyst: Positive BUY Rating
- Price target: $13 minimum conservatively
- Volume should improve soon
- Next bounce to $8-$9 and expecting another pullback
What do you think?!?NASDAQ:NNDM
From the looks of it, I think green days are ahead. I think the everything is shown in the chart, but I wonder if you think the breakout will happen?!
I myself am very bullish on this ticker, but then again who can tell what is going to happen.
Let me know what you think. I appreciate it.
#This is not an investment advice or suggestion
NNDM technical analysis 5/25From what I see on the NNDM daily chart is that we are almost back on an uptrend on the daily. The 9 ema is pushing up but we need to close over the 20,50, and 200ema. Histogram on the MACD is green and we had the MACD crossover on the 18th of this month.
RSI is still on the low side sitting at 44.08 but we have clear buy signal on the slow stochastic oscillator.
We are seeing an RSI of 60 on the 1hr chart and an RSI of 50 on the 4 hour chart. So we can see that volume is starting to come in. MACD is falling over on the 1hr but the 4 hr is looking prime.
As long as we continue on this uptrend we should pass over the 200 and 50 ema, after that we should see more bulls come in and push the stock price up.
NNDM BUY/LONG BIG POTENTIAL INCOMING 4.60 to 21.30 by end 2021TICKER CODE: NNDM
Company Name: Nano Dimension Ltd.
Industry: Technology | Computer Hardware | Israel
Position Proposed: BUY
Technical Analysis
1. Large Falling Wedge (Forming)
2. Large Head & Shoulders
3. Fibonacci Retracement to reach 0.786 (Silver Zone)
4. Area of Confluence with 1 Trendline and Horizontal Support
5. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) at the length of Flagpole Price Range
6. 2nd Take Profit is 80% Head Price Range of the 100% Price Range of the Head & Shoulders
Buy Entry: NOT READY (4.60-4.80)
1st Partial Take Profit: 21.30 (November-End 2021)
2nd Partial Take Profit: 31.70 (Mid 2022) - Note that I would consider Full Take Profit Here
Stop Loss: 2.55
Market going crazyLast time I talked about NNDM is determining the value of NNDM after their acquisition, which is bullish for the company and believing it should valued at a $10 stock. We look at NNDM and show there's no fundamental change in the long term price action, yet we can assume we might not get the gains we want in the market until the fall. According to market watch cash on hand is 671million and liabilities are 689million and adding these together gives 1.360billion dollar, yet the stock market values the company at a billion dollars. They are losing money due to the pandemic, yet they have enough cash to be sustainable. I did take profit on some NOVN shares still at a profit, yet decide to take a bite of NNDM and bought over 300 shares. I think atm the market is under valuing certain assets, yet retail traders don't care, which can be seen in erc20 scam coins, leaving btc and going into AMC atm, and along with NANO cryptocurrency which is still sub 50 in ranking marketcap. I'm not saying I'm not a fan of AMC or NANO, but think theirs value in stocks like NNDM that are so low it makes hedge funds that are buying cry tears of joy.
Technicals have no rhyme or reason in the current market besides being oversold and undervalued.