NNDM apparently a decent stock but this is a waterfall chart now. Not one bullish monthly candle this year its just dribbling down the mountain as sure as a river will find the ocean this will go sub $1 and who knows where it will stop.
This is a short selling chart.
Not advice.
Nano having previously rumbled the support area has 2 more distinct areas with plenty of fib confluence.
From bottom to top 0.382 and 0.5 find the two support areas.
Then the 3 recent pivots from the top shows ABC - C wave target in similar areas for 1:0.618 and 1:1.
...
First price target for 1:0.618 ABC @ $4.9 -$4.43
Second price target for 1:1 ABC @ $3.2...
As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
As shown, beautiful pullback for the wave 2 and should be pushing higher at some point. The problem is management and their forward guidance. Lots of cash on the balance sheet but what they do with that cash will make a huge difference.
Buy shares strategy -
Dip Buy NNDM at $2.98 yellow 8 EMA LINE
RISK 5% -> Stop Loss $2.91
TARGET 1 Reward: 10.4% Sell $3.29
TARGET 2 Reward: 13.4% Sell $3.38
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In order for NNDM to make a serious move north, bullish volume needs to kick in. Volume...
NNDM on a bounce here and this is quite a hype stock the bulls getting very excited yet again.
And of course this could actually be the bottom - but I no interest in buying here and here's why:
"Waterfall charts" as I now call them come with incredible momentum. So much that there is nothing worthwhile in standing in the way and declaring "great...
I know "the kids" are hoping this will go to a million dollars. Kathie Woods bought it or something like that, they tell themselves. I heard about this one through the grapevine. You kids better hope that is a bull flag to send it up over $4 but I doubt it will happen. I am sure this will be breaking the $3 floor and heading back to sub $1. They are...
$NNDM has $1.4b Cash & Short Term Investments, $880m Market Valuation, & P/B of 0.6
The Volume Profile says 3.0 could be a good spot to buy.
Last year in January they had $3.9m Cash, $500m Market Valuation, & P/B of 0.9
Short term swing trade opportunity! Price target: $5.38.
Having fallen through the red line, to me this is screaming "capitulation" and could be the beginning of a new market cycle. I'm predicting a re-test of the $5.38 level and if it is a healthy trend, could go much higher. This is not an emotional prediction. I have been out of this stock for a year now. It...
I had been calling $3 and $4 for a bottom on this one months ago and I've posted about it here on Tradingview. And now I think it's finally time to go long. I don't have any money in this one but I am strongly considering it right now.
NNDM is actually a stock on my buy list but now it is revealing its hand - certainly not buying anywhere up here in the mountains.
The monthly RSI has thrice bounced around the 24 area and its currently up at 39.
This name has a LONG way down.
Numbers blah blah - wait and see just how low this goes.
Not advice.
first sign for strength for our stock is if we close 1h candle above the 3.94$, and the biggest sign is above the 5.25$, where we see a reversal for our bearish trend , and if we still never over come our resistant at 3.94$, we will see gravitation of the price till near the 2.21$.
On the weekly. If you're long on this stock be mindful. Technicals showing more room to downside.
50 unable to cross 200 MA and 50 MA turning down again. There's final major support at the 3.50 mark. If broken new support must be found.
Not based on fundamentals. Not trading advice. Good luck.
