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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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.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.