NNDM Bouncing from support Fibo but lots of upward resistance
$NNDM priced 59 million shares at $12.80 before the bottom fell out.
So the upside is going to be limited to the .618 Fibonacci level, unless buyers come in and soak up the new issue.
It's down 32% over the past month, coming out of a double-top formation.
On the plus side, it seems oversold, and $9.60 area forms support on a 4H chart.
POC is at $14.
Potential Option strategy: Sell Call option around 14; or sell Put option below 9.
Better option: Consider $EMAN or $MVIS.
So the upside is going to be limited to the .618 Fibonacci level, unless buyers come in and soak up the new issue.
It's down 32% over the past month, coming out of a double-top formation.
On the plus side, it seems oversold, and $9.60 area forms support on a 4H chart.
POC is at $14.
Potential Option strategy: Sell Call option around 14; or sell Put option below 9.
Better option: Consider $EMAN or $MVIS.
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