NNDM was trading up to $7.36 last Friday before closing @ $6.53. Before market opens today, NNDM announced another direct offering @ $5 for a gross proceed of $60m.
The stock is expected to trade lower when market opens after this announcement and could provide a buying opportunity. I am expecting to see support between 5.70 (Gap close here) to about 5.55 (38% fib retracement level). Let's see!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts :)
The stock is expected to trade lower when market opens after this announcement and could provide a buying opportunity. I am expecting to see support between 5.70 (Gap close here) to about 5.55 (38% fib retracement level). Let's see!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts :)