NNDM in a bull flag and could bounce from this double bottom
NNDM on 4H:
RECENT NEWS:
NNDM Closes $500 Million Registered Direct Offering. NNDM intends to use the net proceeds for strategic opportunities such as acquiring new technologies to better their machines.
TECHINCAL OBSERVATIONS:
Currently NNDM is in a bull flag. NNDM tested resistance on 2/10 and pulled back. NNDM has the opportunity to bounce up from this support and double bottom. This could be a good swing play, I'm liking the potential risk to reward ratio. Don't sleep on this one.
SUPPORT AND RESISTANCE
Support: $13.30 | $13 | $11.50
Resistance: $17 | $17.80 | $18.95
RECENT NEWS:
NNDM Closes $500 Million Registered Direct Offering. NNDM intends to use the net proceeds for strategic opportunities such as acquiring new technologies to better their machines.
TECHINCAL OBSERVATIONS:
Currently NNDM is in a bull flag. NNDM tested resistance on 2/10 and pulled back. NNDM has the opportunity to bounce up from this support and double bottom. This could be a good swing play, I'm liking the potential risk to reward ratio. Don't sleep on this one.
SUPPORT AND RESISTANCE
Support: $13.30 | $13 | $11.50
Resistance: $17 | $17.80 | $18.95