As the title says, DNMR hit top of descending wedge the second time and confirmed the top after the fall from resistance. Looks good to short. Disclosure : Not a financial advice. Just analysing charts. I don't hold any positions in this stock yet
DNMR just offered some convertible notes so it got hit hard but it's most likely to raise money for R&D. Good long-term investment/ESG play
Partnered with PEP and the University of Georgia.
There appears to be two decent-sized gaps to fill.
DNMR coming off a nice weekly double bottom. If it loses 13 area it would be invalidated. Looks like a nice swing... I am a buyer in the 15s and a seller at 21.38, and 29.45
Each Wednesday from now on, we will be publishing an idea about an interesting, under-the-radar stock that we think has long term potential and deserves a little attention. This week, we are looking at DNMR.
For those who are unfamiliar, Danimer Scientific is a bioplastics producer based right here in the USA. The company went public via SPAC last year, and after...
They are currently partnered with Pepsico and the University of Georgia working on fully biodegradable plastics; with Nestle and Walmart already signing on as customers. Got caught up in the SPAC sell-off. Doubtful it drops further so now would be a good time to initiate a long position. One strategy would be to buy half now than wait for a few trading sessions to...
spotted a flag pattern that tried to break out and looking to retest that break out. Although the macd, rsi, and volume are looking a little bearish, its my opinion that volume will pick up in time for the break out to reach 30+.
It was a very quite stock with no moves or volumes and only during the last year it went beyond all the imagine limits.
If you look at the price now, you can find the huge downside move and trying of those who made it shy to sell it.
In my point of view, as long as stock price remains above 41.40, Long.
Target 1 and 2 marked in the chart.
OBV and MA30 so far looks ok.
Attention to resistance 52 (Gap), breaking 41 after resisting 52 can be very bearish (SHS). So be careful.
Not recommended to buy or sell DNMR Stocks.
