NNDM was trading up to $7.36 last Friday before closing @ $6.53. Before market opens today, NNDM announced another direct offering @ $5 for a gross proceed of $60m.
The stock is expected to trade lower when market opens after this announcement and could provide a buying opportunity. I am expecting to see support between 5.70 (Gap close here) to about 5.55 (38% fib retracement level). Let's see!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts :)
The stock is expected to trade lower when market opens after this announcement and could provide a buying opportunity. I am expecting to see support between 5.70 (Gap close here) to about 5.55 (38% fib retracement level). Let's see!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.