For anyone with eyes not rose tinted NNDM is collapsing into a waterfall-esque capitulation structure.
I previously had said that price can get to $4.9 or $3 which did seem to upset a few members but I have revised my count since then.
And this revision is based on that NNDM 2020 upthrust now appears clearly to have been a retracement to then print another leg down - now in process.
This is visually easier to see using the line chart and Guppy trend tool. This was just a big bump in the road before another waterfall down.
There was never any real consolidation and Guppy shows that by not turning bullish.
And price reached up and tagged the 200WMA before falling back down.
All the hallmarks of a B wave.
This is another chart that only goes down and a very dangerous name currently.
First target now $2.5.
Second target $0.7
If second target hit it could bottom around summer '23.
Not advice.
I previously had said that price can get to $4.9 or $3 which did seem to upset a few members but I have revised my count since then.
And this revision is based on that NNDM 2020 upthrust now appears clearly to have been a retracement to then print another leg down - now in process.
This is visually easier to see using the line chart and Guppy trend tool. This was just a big bump in the road before another waterfall down.
There was never any real consolidation and Guppy shows that by not turning bullish.
And price reached up and tagged the 200WMA before falling back down.
All the hallmarks of a B wave.
This is another chart that only goes down and a very dangerous name currently.
First target now $2.5.
Second target $0.7
If second target hit it could bottom around summer '23.
Not advice.
Note
First target hit.Note
Get ready for the hammer, how are we all getting on here?
Your FA guru can't read a chart💭
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.