DDD trade ideas
DDD - 3-D Sys, the classic Pump & Dump IMO
See the wide green range?
This is the phase where big investors accumulated.
Then, they pull the string...big Arrow:
This is where the little investor is trapped into this super hype.
While little Joe is buying on the sharp up-move and become more and more greedy, big investors are selling all the way up until no more "chair" is left...
This is how they make their fortune.
They have time (and enough money) to wait for payday.
P!
19.40 next bear targetI had already predicted a bear market for DDD from the price of 21.95. Today is been confirmed. It is probable the reaching of 19.40
Tradespoon model generate Long $DDD for the past 3 daysmodel provides 90% probability that $DDD will remain above $22.20 by end of day. $22.20 key support level today $DDD
3D printing making moveAfter a long, nasty sell off, 3d printing stocks are getting some lift. Great long term hold with these
DDD breaks through symmetrical triangle. Bullish confirmationConfirmation of breakout of symmetrical triangle as shown. Also has surpassed latest swing high. Bullish
My favourite setup, potential bullish wedge.Potential bull flag forming.
This is my favorite setup. Go long when(e) starts to rebound up, and set your stop at the bottom of the rebound. (e wave doesnt always hit exact trend line) Buy more when there is a breakout from the top trend line, and move stop to the top trend line. Target $23-$25.
Also, zooming out at the weekly/monthly chart, this has the potential to go a lot higher, depending on how the markets hold up this year.
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.
DDD - Still believe in the squeeze After it played around where it did, I realized it was less a false breakout and more a stronger line of support, now you can see the adjusted line it makes more sense. My bad for not updating. The struggle was there but I believe it's over and will continue into the squeeze pattern. If you look at the rest of the swings the struggle was similar, so I wouldn't lose money just yet if you were waiting for the upswing. Just my thoughts, I'm holding also.
DDD, Triangle, False BreakoutThird test on the triangle after the bang on it in Dec with bear breakthrough candle - oversold. My idea is that this is an oversold false breakout and will quickly rebound upwards. And that it will continue to funnel to the end of the tri-angle then breakout bullish, though it will take a while as far as I can tell to get there.
I just put a stop enter at 14.75 with a trailing stop exit @ .15 to catch the short bull run.. We'll see how it plays out.
