NNDM looking for a bounce.
Might already be bouncing from Friday's close. Definitely one to watch on Monday as it is very close to support at $8.00. Failing that we can see a drop to around $6.75.
If one of these confirms the bounce, it will create a double bottom and I believe it will go up to at least $10 and possible $13.
Where depending on velocity it could form a bull-flag with good chances for success.
If it rips past 10~13, it will most likely form a bull-flag that will probably fail.
The pivot points are extremely important and beware that this stock has a considerable short interest.
Might already be bouncing from Friday's close. Definitely one to watch on Monday as it is very close to support at $8.00. Failing that we can see a drop to around $6.75.
If one of these confirms the bounce, it will create a double bottom and I believe it will go up to at least $10 and possible $13.
Where depending on velocity it could form a bull-flag with good chances for success.
If it rips past 10~13, it will most likely form a bull-flag that will probably fail.
The pivot points are extremely important and beware that this stock has a considerable short interest.
There doesn't look to be a double bottom, there is certainly no inverse head and shoulder.
If you are holding, look at the Put prices as premium will be low.
If you are not holding and what to go long, might be a good time to look at LEAPs, for the same reason as above.