What's going on moon gig, let's talk about nano dimension. I have a pretty exciting update because i think the company is about to make some pretty serious moves after i go over. All that also be doing a technical breakdown of nano dimension stock. Make sure you stick around until the end, because i also have an important announcement for all of you, but first don't forget about all that good youtube stuff.

If you enjoy this type of content, it would be truly appreciated if you could drop a like and hit the subscribe button. All that support really helps this channel out and now without further ado. Let's get started, nano dimension kicked off the final trading week of the year in less than an ideal manner. Shares of nano dimension tumbled after the company priced a share offering at a discount nanodimension said it sold 33.3 million shares at seven dollars and fifty cents per share in a registered direct offering.

It was this discount that caused the stock to fall, but it also got people wondering what was the company planning on doing with the money. It was reported that the proceeds will be used for working capital and general corporate purposes, including potential deals. It was this last part that got a lot of people excited because it could mean a potential acquisition. Here's a headline for you: nano dimension, set for major acquisition: israeli electronic components: 3d printing company nano dimension, which has raised an additional 250 million on wall street, looks set to make a large acquisition.

The company has raised 590 million in four offerings in the past month and has raised 657 million since the end of the third quarter. Nano dimension announced, as with its previous capital, raising rounds that the new funds are required for working capital and general business need that could include strategic opportunities. The amount of capital raised suggests it is preparing for a large acquisition. Here is the new news.

The ceo of nano dimension just said this: we are adjusting our focus in order to leverage our strong cash on the one hand and the clam, i believe, that's a typo on the markets as a result of the continued influence of verona. This is an environment that allows nano dimension to make effective use of the support of its shareholders, and we have at the moment two targets on which we are focusing speeding up and promoting our r d and, at the same time, looking for a private company to Acquire at the right price whose value has fallen, and that is synergetic when you're talking about a small cap company like nano dimension, the right acquisition could potentially 2x 3x or even 5x the stock price, and it's getting a lot of people on wall street pretty excited. It's been pretty well publicized that arc invest, has continually been buying shares of nndm in the arc autonomous technology and robotics etf, which trades under the ticker arkq. At the point that i'm making this video nano dimension has the 19th position and they own just over 4.7 million shares of the company and every time i'm checking this.

That number just keeps going up. However, what's new, though, is that arc invest has doubled down on the investment when you take a look at arc w, which is the arc next generation internet etf? If you scroll all the way to the bottom, you'll see in position, number 53 is nano dimension and they just bought 30 million dollars worth, which amounts to 3.6 million shares. The fact that arc invest is so boldly. Investing in this company makes me very confident in the future of this stock, speaking of which, let's check out the charts alrighty nano dimension is currently trading at eight dollars and sixty one cents and it's up over five and a half percent on the day across all The major time frames nano dimension is in the green and from the start of the year until now, it's up a very respectable 240 percent.

This is the current technical situation that nndm is in for those of you who are new to the channel. Here's a quick summary of what's been going on from mid-october until mid-november. The stock was in this cup-and-handle pattern, where it was rejected just above six dollars, and it found support in between four dollars and four dollars and sixty three cents. After this technical pattern completed, there was a fake out breakout that was rejected just above seven dollars and support was found at six dollars, which was previous resistance.

On two occasions from there there was another fake out breakout, and this time it ran all the way up to eight dollars and once again was rejected back down to six from a technical perspective. These two were not good breakouts to buy because there was bearish divergence in the rsi. What i mean by that is, if you take a look at the relative high from november 19th, and then these two highs. Clearly the stock went up, but the rsi didn't.

This is referred to as bearish divergence and it's a sign that the buyers are getting a bit exhausted, which could lead to a decline, or at least a period of consolidation, and that's what we saw on both occasions. However, on breakout attempt number three: the stock ran all the way from six dollars up to ten dollars and fifty cents, which was a gain of sixty seven percent in less than one week. But when it was announced that the company would be doing a direct offering at a discount in price, the stock did fall, and this time it found support at eight dollars, which is where it was rejected at the start of december. This is why it's so incredibly important to map out these key price levels, because they easily become support and resistance in the future if this support were to hold - and this marks an official bounce, the first resistance, i would expect - would come at 9.50, which is where Nano dimension was rejected on two occasions.

If the stock were to get past that, i would then be watching the recent high of 1050 and then, if and most likely, when nano dimension gets above that we would have to let price discovery play itself out to understand the new levels of technical resistance. From the current level to get to those first, two price levels of resistance, the first one would be a gain of 12 and 10.50 - would be a gain of almost 23. However, just to be a good balanced, technical analyst, i should point out that, as of now, there is more bearish divergence in the rsi with the newest high, so it is worthwhile to know the closest levels of support if the bear camp pushes nndm below this support. At eight dollars i would then be watching seven dollars and forty cents support could then be found at this trend line, but the main one i would be watching would come at six dollars from the current level.

To get to those three points, the stock would have to drop twelve point, five percent seventeen percent, and then six dollars would be a decline of almost thirty percent. In all honesty, i do believe that this last support is a bit of a reach, because there is quite a bit of excitement surrounding the potential acquisition for nanodimension so moving forward. I would recommend watching 740 and then eight dollars, as things currently stand. Eight dollars is the price level at which it will be decided if the next major league for this stock is a bullish one or a bearish one, to get a better idea of how nndm might react to this level of support.

Let's check out the four hour chart before we jump into this time frame. I wanted to quickly mention that the name of this charting software is tradingview and, if you're interested in trying it out, there's a link to a free 30-day trial. In the description of this video, okay, back to nano dimension, when the handle portion of this overall cup and handle played out, it led to two failed breakouts. And then we saw the formation of this triangle after the stock reaffirmed the support of six dollars.

For the one two three fourth time, it led to a breakout of not only this triangle, but also the blue trend line, and this led to a rally all the way up to and 40 cents. Since then, the stock has been selling off, but i am favoring. The bull camp, clearly, the stock has a bit of bullish momentum, it's up more than 200 percent on the year and on this particular time frame, there is no bearish divergence in the rsi that was just on the daily chart. I believe that the current technical setup is a decent one, but i mainly believe that there could be some sort of big fundamental announcement in the future that pushes the stock even higher.

So i decided to invest in nano dimension. I bought a hundred shares and my cost basis is eight dollars and twenty nine cents over the next few trading days i'll be paying attention to how the bulls react to the support at eight dollars and to how the bears react to the next resistance at nine Dollars and sixty cents also i'll be watching for any divergence in the rsi, as things continue to develop with nano dimension from both a fundamental and technical perspective, i'll make sure to keep you updated in future videos and also keep you posted on if and most likely, When i buy more shares of the company so make sure you have your notifications turned on, i would love to get your take on nano dimension in a comment below. Do you think that the stock is a solid long-term investment, or do you think that it carries a bit too much risk? Also, i have two quick announcements for you number one, i'm considering starting a new series where i actively trade an account and share all the details and moves with you. So, if that's something that you'd be interested in, let me know in a comment below and number two if you're interested in free stocks there's a link to the weeble trading platform in the description of this video.

If you sign up and make the appropriate initial deposit you'll be awarded four free stocks and this promotional deal runs to the end of december. If you enjoyed this video, don't forget to drop a like, and if you haven't already don't forget to join the moon game by hitting the subscribe button. All that support really helps this channel out thanks for watching and until next time. Best of luck in the markets.

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