What's going on moon gang, my name is matt, and this channel is all about stocks trading. Investing now i figure you're more than overdue for a nano dimension update. So here it is first i'll be going over my personal nano dimension position and then i'll be explaining. Why the stock is in the middle of a bull rally? After all that, i will also be doing a full technical breakdown of nndm i'll, be mapping out the key price levels that will be in play so you're better prepared for the upcoming trading week.

I really think that there'll be some exciting times ahead for this stock, but before we get into all that, if you enjoyed this type of stock market content, don't forget to join the moon gang by hitting the subscribe button. Also, if you want free stocks, make sure to check out the links to robinhood and weeble in the description of this video and now without further ado, let's get started for those of you who don't know. Nano dimension is a 3d printing company and its stock has been on an absolute tear. Lately, most recently, they raised 332 million dollars in cash through a direct offering and in the past four months, they've raised one billion dollars in cash.

What's even better is that nano dimension has absolutely no debt. This has prompted a lot of suspicions that they're looking to acquire another company and in a recent interview the ceo basically said that they're looking to buy multiple private businesses that will help elevate nano dimension to the next level. Nano dimension trades under the ticker nndm and right now the stock is trading just below 15 per share over the past month. It's gained a very impressive 34.

As for my own position, i own 100 shares of nndm at a cost basis of 8.29, which means that i'm up 79 on the position. Obviously, i'm very happy about this return, but i truly think that the stock could go even higher, not just because of the potential acquisitions, but the company is also making some very impressive personnel hires. So who is the fancy new hire? Nanodemention appoints dr eli david to the board of directors, okay cool. Why does this matter? Well, dr eli david is a world-renowned ai expert specializing in deep learning and evolutionary computation with over 50 papers, published in leading artificial intelligence journals and conferences, mostly focusing on applications of deep learning and genetic algorithms in various real-world domains.

Now, if you're like me, you probably only know what half of these words mean, but i think this entire situation is better explained by quotes from the ceo and dr david himself. The ceo of nanodimension said that dr david's expertise and global business connections will be invaluable as we develop an advanced ai application in machine learning or, to put this another way, nanodimension is working on some very cool things that will help the company be dominant in the World of 3d printing, dr david himself, said i am confident that nano dimension will benefit from employing advanced ai and specifically neural networks for dramatically improving and optimizing its fabrication processes. So there it is right there. This work will help nano dimension, be a leading industry expert.

In 3d printing now i do think that this is pretty good news, but what i think is even better is the fact that someone with this sizable of a resume is willing to work with nano dimension. To me, that's a very bullish sign. I think we'll have to wait a bit to see how this entire situation plays out. So, in the meantime, let's check out, what's going on in the charts on the screen, now is nanodimensions daily chart it closed out.

The most recent week of trading by gaining a very impressive 14.2 percent, which now puts the stock at 14.39 per share, thus far in 2021, nano dimension has gained a very incredible 58. This is the current technical situation that nanodimension is in for those of you who are new to the channel. Here's a quick recap of what's been going on. First of all, these yellow lines are areas of support and resistance, as in places that the stock has bounced off of or been rejected by.

This white line was a trend line that the stock seemed to be adhering to and on the bottom, we have the rsi, which stands for relative strength index. This maps bullish momentum versus bearish momentum when it gets very high, that's a lot of bullish momentum and when it gets very low, that's a lot of bearish momentum. If we rewind back to mid-october up until the start of december, you can see that the stock was very much in what we call a cup and handle pattern. Here's the cup, here's the handle and this pattern is definitely a bullish one.

They commonly break upwards at first nano dimension did break up and hit a new high of 10.51, but from there there was a bit of consolidation between eight dollars and nine. Ninety i bought right around here in the mid eights and after the re-affirmation of eight dollars. The stock then went slightly higher up to 11.50 and then, after coming back down to this high at 10 50, the stock has been off to the races with all these very positive fundamental developments. In fact, things got so bullish that the stock broke out above this trend line that it's been following since mid-october, and when i was looking back at the weekly chart, it seems like the next major technical resistance will come right around 16., even though i am looking For the stock to hit this price level sooner rather than later, i also want to point out that the rsi is getting pretty overextended, it's sitting right below 80, which means that the stock is definitively overbought the last couple times that the stock did get above this Red line, which is set at 70, there was a period of either consolidation or sell-offs.

I marked all of those with these pink highlights, so, basically, what i'm trying to say is you can't bet on the fact that the stock will go directly to here. There is a chance that it could sell off a bit, maybe wants to bounce off of this trend line. But once again i am bullish on the stock and i'm looking for a sizable shoot up in the price. When there's a big announcement of the company that they're going to acquire as this chart continues to develop, my personal recommendation would be to watch the rsi to take a bit of a breather which would allow the stock to come down a bit.

I would look for support to be found right at this trend line and in terms of resistance, i'm expecting a battle close to 16 dollars and if the boot camp is victorious here, i would then be watching the region between 17 and 18.. If you are not yet invested in nano dimension and you're looking to pick up some shares, i would personally say that you should wait a bit to see how things play out. My personal trading and investing style is not to get involved at a new high and keep in mind that since the start of 2021, the stock is up almost 60 percent, so a reasonable pull pack would be healthy and also not that long ago, in early november, The stock was trading at three dollars. This is an incredible run-up, so don't feel like you have to chase a top.

I know that timing. The market can prove to be extremely difficult and i'm definitely bullish on the stock. I mean i'm invested. I definitely want to go up, but the current technical situation is telling me that there's a pretty good chance that at some point in the future, the stock will be trading at a better discount relative to 1440.

feel free to post your thoughts on nano dimension. In a comment below i want to know, do you think that the current rally will continue, or do you think that the stock has peaked? If you have any questions or you just want to talk about stocks, feel free to join the live stream, which will be on sunday january 24th. If you found any value in this video, it would be much appreciated if you could drop a like and leave a comment. It really helps me out with the youtube algorithm.

Also, don't forget, you can join the moon game by hitting the subscribe button thanks for watching and until next time best of luck in the markets. You.