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 itāll 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 4h chart.
We are just above the 20ma, after a pullback from the 9.29 (almost 9.32, the previous support), and we are above the 8.18, one of the previous tops.
NNDM is doing a lot of precise movements, following the TA principles pretty well. Now is the time for a reaction on the stock, otherwise, itāll just keep dropping. At the first green candle you see in the 4h chart, itāll be a buy, in my view.
If you liked this trading idea, remember to click on the āFollowā button to get more trading ideas like this, and if you agree with me, click on the āAgreeā button š.
The 8.15 is an important support to watch. It is still in a bear trend, and there are nothing saying itāll 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 4h chart.
We are just above the 20ma, after a pullback from the 9.29 (almost 9.32, the previous support), and we are above the 8.18, one of the previous tops.
NNDM is doing a lot of precise movements, following the TA principles pretty well. Now is the time for a reaction on the stock, otherwise, itāll just keep dropping. At the first green candle you see in the 4h chart, itāll be a buy, in my view.
If you liked this trading idea, remember to click on the āFollowā button to get more trading ideas like this, and if you agree with me, click on the āAgreeā button š.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.