After a long draw down on the weekly chart, desktop metal has formed a falling wedge with macd bullish divergence, and broken out. If we break out of overhead resistence, we could see a nice retracement towards the .5 fib node. This would give us a dow theory retracement.
DM needs to break this down trend resistance before it sees more upside, once resistance breaks we can target 10.7,13.09 and 14.28
This looks bottomed out. increase in volume on the daily chart on the break out. retest
DM Fundamentals Working on MC/OS=P equation Currently sitting around the 8.50/share where i believe the company is worth after plugging in the numbers I'll be looking for Forward guidance to continue to add to the balance sheet Any input always appreciated
$24.80 Golden Ratio, Give This Time & we see $32.50,Long off the $8.80 Mark now we wait for our Trgets
nice breakout from this tight downtrend channel, buy volume starting to pick up too. once 8.9-9 pivot resistance breaks we can look for a 10%+ rally and move over 10! id wait for confirmation first. but this is a great setup. goodluck ! like and follow for more :)
This company has so much going for it. I love the stock.
DM has been hammered down for 8 months straight after spastic new traders bid the price up ridiculous amounts in the Dec/Jan run up. Since then, the price has continually suffered as investors are unable to take the emotional pain of the drawdown on their positions and cut losses. Stochastic RSI is forming a double bottom. RSI is curling up. Volume could be...
Here's a fresh look at Desktop Metal after it broke previous lows and invalidated my last count (linked). It looks like we weren't finished with the primary wave 2 correction. It looks to be a 5-3-5 zigzag correction, and we're getting pretty close the the all time lows of 9.40. RSI has bottomed out here, so if we're gonna bounce, it has to be here.
Amazing price for long term investors, great company at a great price! stop loss at 9.80 for swing traders
This honestly might be the best risk:reward setup I have ever seen on a trade. While the fundamentals might not agree... we know that anything can happen in this market. Expect the unexpected.
This is one of my favorite companies out there in this space, and it cannot be any more undervalued in my honest opinion. I have loaded up on this in yesterdays trading session, bringing my average cost down to $11.75. It is now roughly 15% of my portfoilo because i know that these price levels are a steal! Please do some DD in the company and you will see that...
Planning to buy this stock, Think we are in a great point for purchase Let's see what comes out.
Hey guys! Happy Independence Day! I hope everyone has enjoyed the holiday weekend and gets some rest on the day off tomorrow. Today's trade is an old pick that's come back into an area I wouldn't mind starting to scoop some via long shares and short otm puts. Reminder: DM is a company that makes 3d printers that print metal, an industry that's supposed to expand...