3dprinting
Long @ 6.50 target $12.25NICE setup for counter market movement, if 2019 is a flat/ topping year
IPO price is $25 range, consider that the long term target
Buy on pullback at 2.65 Making money is art and working is art and good business is the best art.
Andy Warhol
Technical Trade to $13.50 w/ Dual Fib Levels AligningThe 3D printing sector was upgraded this year and set to grow because of reduced costs with machines, materials and increased investments in R&D and manufacturing capabilities. I've personally bought a Crealtiy CR-10S to support a small, side business I have. 3D Systems Corp. has been hit hard and dropped to levels that were near a bottom. Through all the volatility in 2018 and its EC, it's held up, slowly sustained across a level and gradually moved upwards. Technical trading for the short term puts it near $13.50 with momentum and without going outside of its consistent range. As of this writing, levels are slightly under trend lines where accumulation is usually not a bad idea. Once it breaks out in its first fib pattern, the second, overlayed fib pattern shows some potential higher PT levels that could be reached if conditions are primed. Volume is never crazy, so I'd recommend setting about a month's time for a trade.
3 D SYSTEMS - BULLISH AGAINWanted to share this setup, its really clean and simple.
Trade with care, and use stop loss. :-)
Blessings to you all.
Faro came close to major resistance and ready for break upFundamentals :
FARO Technologies, Inc. operates as a 3D measurement, imaging and realization technology company. It design, develop, manufacture, market and support software driven, three-dimensional measurement, imaging and realization systems.
Technicals :
2015 was hard for this company and price dropped from around $63 to almost $20. But now, it shows some power. Price jumped up after earnings and approached to major resistance at $35.25. The break and close above will lead us higher.
Trade and Risk Management:
Break and close above $35.25 will trigger an Entry Long with stop below $32.20. Target depens on your timeframe. For active traders it can be around lower $40ish. And for long term holders - $48.
