Explained my thesis in the chart. I'm starting to read some articles and have found a good amount of conflicting points. CEO letter to shareholders the 9th seems pretty possitive. No debt, cash reserves, and a healthy amount of revenue. Seems as if this C wave is happening on account of dilution via direct offering. Maybe we will see this get beat down a few more ticks and then start the trend again?
Thanks for looking! What do you all think? Is this a good pick in the 3D space? I Started my position at $7.79 I might be a tad early (not as early as SSYS I hope) lol hopefully we will get some bully momentum soon!
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potential channel forming. if it continues in the channel we're likely to see more divergence as new LL are made within it.
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broke out of the channel and is making what looks like a nice buy setup. Added some more to the position.
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this is the setup I'm looking for. after doing that it maybe the 5th wave of a C wave of the running flat. At this point I will watch and see if It makes sense to close the position or take some profit and protect the trade.
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Up from here or will we get another push down?
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Made a new post. Follow along on there.
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The pic will take you to the new post!
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Overall wave count, degree's are wrong, doesn't matter :)
I am LONG NNDM -- sold half of my shares hoping to nail the 6.50 if we can touch it again, missed the first one Looking forward to your next analysts.
adambiers
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@narba88, that makes two of us! Added again today when I wasn't busy at work.
MoneyMakerTrade
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Nice chart
adambiers
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@MoneyMakerTrade, thank you! More often then double tops (flats) tend to be just a small roadblock for the overall trend to continue.
jackr70
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Can this make it back to 11s next couple of months?
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@jackr70, possibly. or maybe it trades within the channel downwards till who knows. What's the significance of a couple months?
TradeOgre
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Good chart & outlook...
Chip market needs this company, they are going to post losses fir next few years, but they have the war chest to buy competitors & expand their proprietary technology. The market for their layer printing is in it's infancy. I am holding long, they should blow up in 12 - 24 months, but for now it's a bumpy ride.
adambiers
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@TradeOgre, I agree with that sentiment. I'm long DM / NNDM. Both their niche in 3D printing I think will be big. I've found conflicting news on NNDM. Seems like some prop to devalue the company. It's hard to believe anything anymore