NNDM continues to rise with people in disbelief, so whats next? Well it is fact that we will get another offering by the end of December, but at what price? As of now it would look like at a 5-6 dollar target is likely, but what if we continue to run up, will it change the offering price? The higer the price gets the dilution drops, since the last offering will be worth 50million dollars. Let's say we hit 12 dollars and they do an offering at 10 dollars, this will cause a 5million share dilution, but if they do it at 5 dollars it will be a 10million share dilution, so we want a higher price before the end of December. Insitutions on the other hand don't want a higher price since they want more shares. Now looking at the chart it looks pretty dam bullish with good pull backs that only last a day.
News:
ARKQ bought 1million shares on the 24% drop on the Friday before. Also the other 3d company they held a large position in, SYNOPSYS, has dropped alot in their portfolio with NNDM now a head of them. SYNOPSYS is worth over 200 dollars a share.
Another investment firm known as CVI bought 5million shares on Wednesday, but they aren't as big as ARKQ with a portfolio slighly below a billion dollars in holdings. Besides that not much info on them.
Their last offering of 100million dollars would be used to buy out another company.
Rumor is start of q1, nndm will partner up with a major defense company
TA
-We are holding above the 47.77 on the RSI which is bullish and could be seen on both hourly and 5min chart.
-On both the hourly and 5min we are bouncing off of the 50ema, which shows we are in a bullish market and bears will get slaughterd.
-MACD looking prime for a crossover with Monday leaning green.
-Next is price targets. Not much to go off, but these targets are based on hits from the dump in nndm stock in the past. First target is to break 6.99, than we have a high chance of hitting 8.16. Next is 9.53 and after that 12.38. If you are on desktop I do have two more which are at 19.14 and 28.79. Again to come up with these targets, the candle sticks would have to have gone sideways or touch atlest 3 times to be known as an area of interest.
Final thoughts
I remain bullish and own over 1200shares and will keep buying with more bullish institutions coming live. It is very possible next year this stock will be worth over hindered dollars a share.
News:
ARKQ bought 1million shares on the 24% drop on the Friday before. Also the other 3d company they held a large position in, SYNOPSYS, has dropped alot in their portfolio with NNDM now a head of them. SYNOPSYS is worth over 200 dollars a share.
Another investment firm known as CVI bought 5million shares on Wednesday, but they aren't as big as ARKQ with a portfolio slighly below a billion dollars in holdings. Besides that not much info on them.
Their last offering of 100million dollars would be used to buy out another company.
Rumor is start of q1, nndm will partner up with a major defense company
TA
-We are holding above the 47.77 on the RSI which is bullish and could be seen on both hourly and 5min chart.
-On both the hourly and 5min we are bouncing off of the 50ema, which shows we are in a bullish market and bears will get slaughterd.
-MACD looking prime for a crossover with Monday leaning green.
-Next is price targets. Not much to go off, but these targets are based on hits from the dump in nndm stock in the past. First target is to break 6.99, than we have a high chance of hitting 8.16. Next is 9.53 and after that 12.38. If you are on desktop I do have two more which are at 19.14 and 28.79. Again to come up with these targets, the candle sticks would have to have gone sideways or touch atlest 3 times to be known as an area of interest.
Final thoughts
I remain bullish and own over 1200shares and will keep buying with more bullish institutions coming live. It is very possible next year this stock will be worth over hindered dollars a share.
