I mishandled this stock on an earlier trade (shown on the chart). I was waiting for it to break out of the green box. When it did I went long the next day... rode it for awhile and it came very close to my stop so I sold it. Low and behold a few days later it did what I was looking for when I put the trade on.
Once it took off I did not have a reasonable stop...
$DDD is pulling back to its neckline head and shoulders support level after breaking that to the upside few days ago on heavy volume. Half back of recent rally is around $33.50 - this level is a potential for strong support bounce setup.
$DDD possibly completed its right shoulder today of its head and shoulders bottom. Will be watching to see how the stock behaves around neckline resistance.
$DDD Target 37.10 for 38.18%
Or next add level is at 16.34
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first...
3D Systems was a popular trading vehicle 7-10 years ago. It then slipped into a long decline -- before jolting back to life in January.
Now it’s pulled back and consolidated after that dramatic surge. A few chart patterns in particular stand out.
First, DDD is bouncing near its 200-day simple moving average (SMA). That’s a potential sign of the longer-term...
Going out on a limb with this one. Risky to say the least.
DM formed an ominous pattern so not touching that one as of now.
No recommendation.
I like to see pocket pivots close to my entry (upside down green triangle)
Here's one that's hard to ignore with over 45mm shares traded and volume up over 1200% on average daily volume of about 4mm shares. I have an Alert set at 23.68. Probably won't take this trade today but it is on my watch list to see what happen over the next couple of days. Ideas, not investing / trading advice.
From earningswhispers.com:
3D Systems Beats
3D...
$DDD Target 37.10 for 38.18%
Or next add level is at 16.34
That's more like it... Let's go...
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial...
