PRLB trade ideas
The correction has ended.The correction has ended.
The butterfly and fibo clearly bounced.
It looks very likely that it will go up. I set a goal of $40
Proto Labs in Stage 1 ready to launchRSI has bottomed, MACD in an uptrend. Poking it's head above 30week MA with earnings on deck. If this stays above 30 week MA and closes week post earnings above 30 week MA this will be entering stage 2 with clear stops below 30 week MA for a great risk reward profile. This stock has been bottoming and forming a base for months.
$PRLB testing MACD crossover screener...This ticker hit the daily and weekly screener for a bullish MACD crossover, let's see if this screener works...
PRLB How I played it Because of my other plays, I placed some bull spreads and naked calls on PRLB to cover potential losses on another play I'm doing, OTRK. Playing some of these setups aggressive because it's more fun. I've shaved 60% position with profit and riding 40% for free which I'll trim even more or let ride.
$PRLBMaybe finished the correction
IN USD 2020 2021E 2022E 2023E
Revenue 434,40 Mio. 486,80 Mio. 535,90 Mio. 587,30 Mio.
EPS 1,89 1,83 2,32 2,83
Protolab breaks outProtolab breaks out to new highs
Good news also in the Market.
The stock is in a lot of ETF, where mony flows in. This also support this realitvly small stock.
PROTO LABS is now in BUY Situation DailyHey my friends, PROTO LABS is in a fake bearish configuration with high volume buy executed and an upside down hammer candle. Looking at the TIMEFRAME M1 we see an upside down hammer candle with a large sales volume, it reverses the trend on the low point. Which is at the lowest level of the bollinger, it goes on the VWAP which is in the bollinger to yield it and come to the top of the comfort zone with test behind.
It is very plausible to breakout the price with the Momentum at the same time the zone to reach a second and to put on the high which follows. With an attempt to breakout a comfort zone, no buying force to test the intermediate median of ANDREWS PITCHFORK.
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Top 10 2021 Picks (PRLB)3D printing also known additive manufacturing can be a key technology that drives Industrial automation 4.0. This industry is expected to grow 10 fold this decade. 2021 could mark the beginning of this secular trend.
Breakout from a long base on strong volume.
$PRLB - broken down trend, nice volume + news PRLB looks good enough for me to grab a few long call options.
News from Friday: Protolabs Launches All-new Digital Quoting Platform in Europe, U.S. Release to Follow in Early 2021
I will pick up some march options most likely, after watching how it opens and 5 min trends on Monday
Take a look at the chartPRLB kept making lower highs and lows... until now.
128.41 is a very important support level, if it holds, then it will be our new higher low!
It indicates a trend reversal with a price target: 146.15 and 168.30 (9-24% upside potential)
Possible breakout for PRLB Daily Chart Strong support levels near 106.80
Resistance level 115.96
Lots of consolidation ranging from 106.80-115.96. A break above 116 will signal a breakout and poised for the next target around 119.
