DDD
3d Systems Bubble Pattern AnalysisBubble Pattern Analysis - follows same pattern as many
Phase 1: Trending breakout of basing formation in a strong up-trending move
Phase 2: Trending high-volatility drawdown (usually not related to stock or index itself).
Phase 3: Trending recovery - stock or index shrugs off the high volatility event as it recovers quickly and stronger than before.
Phase 4: Upwards & & sideways non-trending consolidation. Typically choppy trading, but slightly upward move.
Phase 5: 3 Phase blowoff top - breakout of non-trending consolidation followed by a smaller upwards consolidation into final blowoff breakout top.
3D Stocks waking up to a post-Covid worldHas been steadily breaking out if this not too pretty inverted head and shoulder formation. After that the real work begins to get past the base constructed since the slump of 2014. This could still be a bumpy road, perhaps even see construction of another shoulder before eventual break out. For now on its way to its target of 12.38
$DDD.ASX this one is looking good .$DDD.ASX this one is show some interest in the Market.
3D Resources Limited (3D Resources) is a minerals explorer targeting high value commodities (gold, copper, lead, zinc and nickel) in WA and is evaluating “advanced mineral projects" that can transform the company into a mineral producer. The Company's WA projects are in the Proterozoic of the East Kimberley, and the Archaean Cosmo Newbery area, in the Eastern Goldfields.
Resent News
3D Resources (ASX:DDD) increased resources at its Adelong Goldfield in NSW, by 42 per cent to 180,600oz.
This follows the delivery of a maiden resource for the Caledonian, Donkey Hill and Currajong East deposits.
3D says all deposits remain open at depth and most along strike, which offers the potential for exploration to further expand resources.
The company notes that further historical data is under review and that modelling work has provided a clearer view to target extensions and further resource upgrades.
$DDD: $10 Short + High Risk Long3D Systems is one of those companies that have potential in regards to their long standing history. Also, the earnings call does have positive potential given the demand for their expertise in these critical times. Please keep in mind, not to take anything I say seriously or at face value as financial advice. That being said, let us get into some key points. 3D systems have had a new CEO in 2016, after far negative spirals and correlations in their price. It has been 4 years, and if you have invested in 2016's price, you would have lost money by now. A short target for $10 is realistic, but even that has risk. A long hold could have some bullish potential, but I'm not sure I would recommend that with so much risk when there are lots of high growth stocks out there. Only time would tell.
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
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.
MNK, Another it's never too low to sell story?We've been through DDD,VRX,GPRO to the recent TEVA stories to me MNK is just another.
Back to the days I was a proprietary trader, MNK is one of my favorite name as if I don't know what to trade in any given day I tried to short the name.
Only if we kept "it's never too low to sell" in mind that we can catch this kind of profit, otherwise we might be stopped out each time when we want to buy the dip.
I don't really suggest taking this inside week short as I know it takes gigantic risk appetite to take this trade, but I am more than willing to post in on TradingView to see how it goes afterwards.
DDD, daily bat pattern and a inside day combinationActually it could be a weekly bat pattern with weekly hammer combination, but I like this inside day a little more.
3D Systems got slumped after its poor 2Q result, and it consolidated for almost a month.
It's a relatively higher risk trade as I am not really that bullish on its fundamentals,either;
but as a harmonic patterns and price action believer, it's a nice trade set-up.
If it breaks down 12.63 before it breaks out 13.00 fig level, then this trade doesn't exist anymore.
Strong Moving Average Cross for 3D SystemsOn March 31, 2017 3D Systems Corporation ( NYSE:DDD ) crossed above its 250 day moving average (MA). Historically this has occurred 74 times and the stock does not always rise. It has a median gain of 7.563 % and maximum gain of 64.706 % over the next 11 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 51.0844. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly neutral and has been moving upward.
The true strength index (TSI) is currently -21.1753. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is moving down, however, it is begun to retreat from low levels indicating continued upward movement.
The positive vortex indicator (VI) is at 1.0277 and recently cross above the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is relatively moving up.
The stochastic oscillator K value is 81.6336 and D value is 64.8317. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is trending upward with plenty of time before a potential reversal.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading up. Based on historical movement compared to current levels and the current position, the stock could gain another 4% over the next 15 trading days. The overall Macro trend is forming a pennant with the apex around October of this year. It is highly likely DDD will break out of this pennant before October and could be a significant move up or down.