Just a glimpse to keep track of how this moves.
NYSE:DM is breaking out of the double bottom pattern. Anticipated price action and targets are shown on the chart, stop loss daily close below 13.5$. Hit the like button please if you find this useful :) This is only my own view and not a financial advice, do your own analysis before buying or selling Happy Trading!
I think this is another fakeout. The spike in IV gives great premium. I'm short $12.50 puts for ~$1.00.
DM has been on a tear lately. If it falls to bottom of the channel, I'll buy.
NYSE:DM falling wedge breakout. JAN 21'22 $15 CALLS @$2.70
Is Desktop Metal going to bring shareholders to the moon on its 3D printed rocket ship? Stay tuned to find out.
Needs to break (and ideally backtest) resistances at $14 and $15.5 first but then road to $20 should be clear. Bullish Divergence on daily timescale, bounce off of critical historical support.
* it is just my idea following the chart - definitely in downtrend next weeks/months, needs a good catalyst/news/magic to pick up and change the trend. * $10 the next stop
Could see a bounce on the post SPAC high, and the previous bounce level. I'm long from $15. Will be adding slowly around these levels.
$DM - Started reversing from the double bottom with an oversold Stochastic. Desktop Metal is a solid fundamental company as they are industry leaders and are more efficient than their competitors. Fair value targets are ahead of the current price, and the huge pull back from the highs has created a solid entry for the long term. If it can break 19, it’ll go to 21...
Long position on DM, bullish div on the MACD and RSI. double bottom.
(This is not financial advice) Hello everyone, this is some TA I did for my watchlist over the weekend on Desktop Metal. For anyone not familiar this is a 3D Printing stock and will do very well long term in my opinion. This stock has a had a big sell off and is very oversold. I am a big fan of Desktop Metal and have done a full fundamental analysis on it....
NYSE:DM , not sure what this is, but this looks to have bottomed. Market permitting, this should go off.