If the current support at 7.71 breaks the next support is at 7.33.
depending on where the corrective wave A ends the waves B and C could differ.
I think the chart is self-explanatory.
This is not a suggestion or advice.
Trade at your own risk.
NASDAQ:NNDM
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...
First TP is about 9,75. At the first stage it could hit 10$. We could see a rejection from the first TP till 9$. afterwards it could continue its rise to the second TP 11.5-11,70. At this level its definitely selling worth. I am owning this stock since 7,26$.
Wedge Breakout + Flag Breakout
SMA200 as support
WR > -50
OBV> OBV34
Entry 8.8
Stop 7
Target 17
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
I created some tradingview scripts to improve my trading...
Using YF as my source I note there's substantial volume in the $10 16-July Calls Options (19k, with open interest at 39k). Now trading at 50c (bid: 49c/ask: 50c)
Contract: NNDM210716C00010000
The technical are also shaping up:
MACD back above the centre line
RSI in a bullish regime
Stock at a 2-month high, having regained the 50-day EMA
Also, holding above...
Just charts
Last update:
"Next big target 11.80 - 12.14. That depends on whether wave 2 has already reached the low. Basically there is the possibility that wave 2 can correct wave 1 up to 99.9%. A logical target is 38.20 - 61.8%. We have already achieved 38.2%, so we have the possibility of reaching prices around 12 in the next few months. This theory would be...
Next big target 11.80 - 12.14. That depends on whether wave 2 has already reached the low. Basically there is the possibility that wave 2 can correct wave 1 up to 99.9%. A logical target is 38.20 - 61.8%. We have already achieved 38.2%, so we have the possibility of reaching prices around 12 in the next few months. This theory would be confirmed if the price found...
Strategy/Chart pattern: Break out / Bull flag
Entry: Immediately
Stop: 7.21$
Target: 10.24$
Risk/Reward-Ratio: 1.5:1
Stopmanagement: Parabolic SAR daily chart default settings
Intermarketanalysis: Please are beware of the fact that the probability of rising yields of the bonds in the next weeks to months is much higher than their decline which...
NNDM LONG
NNDM starting to look very nice for a move higher.
Just entered a nice demand zone with 200sma close and 5.98 support.
Scale in slowly and keep a tight stop under $5.98.
OPTIONS BUY TIME AND CLOSE TO THE MONEY OR IN THE MONEY
SHARES SPREAD OUT YOUR BUYS. DOLLAR COST AVERAGE IN!
It wouldn't surprise me if we see NNDM consolidate for some time...
