NNDM - Time To Get With Team Lemming ðĪĄ
NNDM on a bounce here and this is quite a hype stock the bulls getting very excited yet again.
And of course this could actually be the bottom - but I no interest in buying here and here's why:
"Waterfall charts" as I now call them come with incredible momentum. So much that there is nothing worthwhile in standing in the way and declaring "great fundamentals."
Because even if you're right and you have somehow managed to nail the bottom and there is a big rally - it will still come back to at least 0.618 and probably more retracement because that short momentum will continue - the sell pressure will return.
But chances are you wont nail the bottom and your position will sink.
I'll let the heroes try to board the titanic and if it stays afloat thats fine I can get on board WITH not AGAINST the trend.
Not advice.
And of course this could actually be the bottom - but I no interest in buying here and here's why:
"Waterfall charts" as I now call them come with incredible momentum. So much that there is nothing worthwhile in standing in the way and declaring "great fundamentals."
Because even if you're right and you have somehow managed to nail the bottom and there is a big rally - it will still come back to at least 0.618 and probably more retracement because that short momentum will continue - the sell pressure will return.
But chances are you wont nail the bottom and your position will sink.
I'll let the heroes try to board the titanic and if it stays afloat thats fine I can get on board WITH not AGAINST the trend.
Not advice.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Just another continuation wave - heading lower soon.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Daily RSI topped exactly where I said it would.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
And it just keeps going down. Currently down 25 %. Was down 47% at the low.
I'm taking a break from TradingView but you can find me every day in my Telegram Trading Group ð§
Priority trades, round the clock updates and a 1 hour technical video per week ðž.
$50 per month ððŧ.
Contact: t.me/dRends35
Priority trades, round the clock updates and a 1 hour technical video per week ðž.
$50 per month ððŧ.
Contact: t.me/dRends35
