NNDM trade ideas
NNDM 12-12-2020 LongAsset and Time frame -NNDM,1H
Entry Price - 5.95(Prefered entry) Or 6.24
Exit(Stop Loss) -5.73
Exit(Take Profit) -7.90 (If momentum is strong I would keep holding it until the trend is tired)
Technical Analysis -Price is nearing a significant support line from November, price is inside a down-trending channel, RSI couldn't get to oversold territory on the hourly chart, the main thing we need in order to get this trade done is the market sentiment shift back to bullish once the US Congress will decide about stimulus checks
What can be improved & Conclusion & End of Trade -
$NNDM Long PositionHas some trouble breaking out of triangles after run up. I'm thinking a breakdown of the current triangle, pullback to 5.85 supported at previous resistance, brief consolidation and a move up. Has consistency in the RSI bull zone. Offering at $6 earlier this month is behind them now and well capitalized for a while at current burn rate. Market responded positively to it.
NNDMi was looking for an entry at 5.60, but I missed, and WILL not enter it, since I am late.
anyways, the channel looks clear, since we have the flat support and the two trendlines, so I expect it to go sideways-upwards in the channel, just make sure, if you want to jump in, to not do so when the price is in the top of the channel. (if you are long, of course)
NNDM LONGThe company is still at an early stage and has little revenue but its product potential has attracted attention. ARK Investment Management, known for its extremely bullish stance on Tesla (TSLA), is a holder that has been steadily adding to its position. realmoney
Company descriptions
Nano Dimension (Nasdaq, TASE: NNDM) is a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME).
High fidelity active electronic and electromechanical subassemblies are integral enablers of autonomous intelligent drones, cars, satellites, smartphones, and in vivo medical devices. They necessitate iterative development, IP safety, fast time-to-market and device performance gains, thereby mandating AME for in-house, rapid prototyping and production.
NNDM Morning Mover AlertMORNING MOVER ALERT
$NNDM - Nano Dimension Ltd. - American Depositary Shares
Initial Alert Price: $6.47
Potential Price: $8.50
Potential Gains: 31%
Stop Loss Limit: $6.15
After having a nice run since Nov. 5th, NNDM is currently trading at the lower end of the channel, showing momentum on the 1-Hr and 2-Hr providing us with confidence the stock still has some room to run to the $8.50's respectively. The stock just recently closed a $180M Direct Offering, so profits are up for grabs for retail investors which we expect to continue to assist with the push. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
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