Looks bullish and curving up towards $25 (or that trend line). I am hoping it could reach it by end of this month.
NASDAQ:SSYS daily: I will short at 21.54 taking out the low of today. Stop loss above local pivot high at 23.39 MACD negative and accelerating Bearish bar today cutting through the 20 and 50 EMAs and the bottom trendline.
Figured I'd keep the trend of 3D printing stocks going. This is one I bought after the "crash" and just sold for a loss. After seeing it not reverse I felt I should re evaluate my analysis and see where I went wrong. I thought the correction was over at the 11.91 low. bought on a setup on the 1hr which initial looked good, but then became a flat to continue down....
I read Ark Invest's Big Ideas for 2021 and according to them NYSE:DDD and NASDAQ:SSYS are the leading companies of the industry. As you can see in this chart, there is a clear winner when it comes of ROE, but I'll be buying the first one that plays by my rules. At the moment NYSE:DDD is ranked 3rd in its group by IBD Investors and NASDAQ:SSYS is ranked...
Weekly charts of four of the biggest holdings of the Ark £PRNT etf
The idea is to go long following the major trend - wait the possible end of price retracement before going long. The strong preliminary results from 3D Systems are sparking investor optimism that the 3D-printing industry is about to come roaring back as manufacturing activity picks up and economies start to recover from the havoc caused by the pandemic. NASDAQ:SSYS
Potential play on $ssys. I entered aggressively earlier last week and my stop is at break even. A safer entry is on the break of the last high indicated on the chart with profit levels indicated.
NICE setup for counter market movement, if 2019 is a flat/ topping year IPO price is $25 range, consider that the long term target