NNDM Long - Swing back up 10+
We are becoming pretty oversold, looking for a bounce back up as soon as the rebalancing finishes. Considering we were at $18 just a couple of months back, I believe this trade up to 10 even 12 dollar range poses a good risk/reward at this level. It is trading at 8.8-8.9 level as of writing this.
PT #1 9.88
PT#2: 10.3
Pt#3 : 10.8-11 area.
Keep a tight S/L - below 8.5 will likely send it lower to 7.8
PT #1 9.88
PT#2: 10.3
Pt#3 : 10.8-11 area.
Keep a tight S/L - below 8.5 will likely send it lower to 7.8
Note
Bounced off 7.8. Sitting at 8.5. New trade in play is S/l 8.14 entry 8.24-8.37. PT 9.2, 10, 10.8
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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.