NNDM trade ideas
NNDMbesides the fundamentals, the chart has a lot to offer
we can see here, that it can be at the top, almost ready to fall back, even to $4 per share.
tho, as we can also see here, it can also be the last low, after that we will see a parabolic upturn, that could drive the price +10x in less than 3 months.
or else, as we can see here, price is at top of the channel, ready to go down to the previous high, the now support (which worked as resistance for almost 5 months), before we can see any other upturn.
and can also be sideways nearly until the end of April, as we see here with this flag, waiting for the MA200 to get closer and offer support for more gain.
anyway, we have to keep in mind, RSI and MACD are all overbought, volume has almost been the same since this started climbing, which is synonymous of people's attention, at least. and also that NNDM has a 30% short float, according to finviz data.
if we want to talk about market cap, it is up to now, worth almost 800 Million.
if it, let's say, do a 10x (as we said as an option), the company will be worth 8 Billion dollars.
those are all different possibilities, I CAN NOT know which one is gonna be real in the future, but I know, for sure, this stock seems everything else than easy to predict.
play it carefully, keep in mind that those so much spoken among investors have high volatility, and so you could "win" doubling your value or losing half or more of it, in just a single day.
a lesson for everyone: as you do analysis about something, consider that your POV could not be the right one, or, more probable, could not be the only one. that's why we all should always consider something through someone else POV and change our first impression, by starting again with a free mind. (in order to have those 3 possibilities, I had deleted all the previous ones, and made a new one, totally based on something new, that I had not thought about before)
Ark Invest is super bullish on NNDM, so shall we?
For all ARK fans here, if my math is right. ARKK and ARKQ together acquired a total of 3.8M shares of NNDM overnight, a total of $28M dollar, around 1/10 of this most recent direct offering?? While you could see from my chart (credit to this youtuber : Alien Tomato ) that Ark has been accumulating NNDM shares for the past month. And a deeper implication is , NNDM market cap is 1.13B. Ark is now owning 8.31M shares of NNDM as of today, representing ~70M worth of shares, which means Ark is owning ~6% of NNDM already. This is huge!
Technically, NNDM is clearly on a upward trend line, and it has never fell below its 20MA even with the direct offering its been pumping to the market for the past two months. Apparently institutional investors are not buying enough of its shares. I am personally owning a position with NNDM and am setting my cut lost price at 20MA and looking forward to a price in the MOON!
NNDM well-positioned with the latest cash raiseThe last few posts I've made on NNDM are worthless now that they raised $500M today. With today's raise, NNDM has about $880 million in cash (estimated based on Q3 balance sheet). The 4 raises in the last 3 months have positioned them very well as they are likely to start winning contracts from the US military this year as well as pick up US-based multi-national customers to provide custom-printed electronics and chips.
Another direct offering. Sold my position a while ago at 17 dollars. My entry point was at 3 dollars. Another direct offering of 500 million dollars, and at the time writing this the COO of the company went on TD Ameritrade network explaining the move and there future plans. Definitely was a convincing interview and the COO plans on improving there technology, and acquiring new technologies to better improve there machines. The COO also said the company will be in great shape after this move financially, and also talked about expanding there product into China and the United States targeting sectors that want to reduce cost of manufacturing parts and equipment. Looking at the chart this is a great entry point. MACD is in the red right now, and RSI is heading down to oversold. We tested the line of resistance a few times and will not be surprised to see it break that line soon.
NNDMNANO Dimension, also "second echelon". Hype growth with the first target up to $ 25 (plus 65% of the current price). After reaching the first target, it is recommended to leave the position and watch the formation of the next pattern, which may well turn out to be an uptrend continuation pattern.
