Nano Dimension Ltd. NNDM is currently cruising on 6.54 according to last night close. On the daily chart, it looks like a broken downtrend. As investors thinking positively about the coming news of next earnings. Nano Dimension Ltd. is reporting second-quarter results next week.
Also, it is following the slow uptrend line from December 2020 till August 2021. It could be a rebound and recovery for the stock. It was a strong rejection after the trend had been broken people taking a profit but it is a good sign the stock is closing up on the next resistance level. That report could be a break-out moment for the 3D printing company.
Will see more signs that could show the more obvious the uptrend. The company looks great with no debt, a ton of cash and acquisitions. The product is great and unique in its category. 3D printing is the future for sure. Two of Cathie Wood’s ARK Invest ETFs own a combined $14.7 million worth of Nano Dimension stock valued at around $93 million.
Invest NF believes it's a buy.
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