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3D Systems Corporation

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DDD trade ideas

"Short" DDD-overbought and at downtrend resistanceAgain, I'm not one to short stocks, but if I was, I would if I could do it at this level (between 3.97 and 4.01). It's both overbought at 3.97 and RIGHT up against down trend resistance, plus it's been up 6 of the last 7 days. I think it's due for a breather and the technicals and candles say here is a nice spot to do it. With this (hypothetical) short, personally, I'd be out at the close of the first down day, hoping for maybe a 1-4% 1 day pullback. I could see it dropping all the way to 3.50 pretty easily here, too, though if it gets rejected here. I'm just not that brave. Even though the stock is down 60% in the last 12 months, it already broke the 10 month downtrend line from the high last July, so another break of the shorter downtrend is not improbable. I wouldn't get greedy here myself. A day 1 close between 3.97 and 4.01 might convince me to add a little to the short position, but not any higher. A close above 4.01 and I could easily see not getting back to that original 3.97 level anytime soon, so adding above that level could be throwing good money after bad. A close above 4.01 could trigger short covering from the second down trend break in two months and it could make it pop to 4.50-4.70 pretty quickly and easily. If it closes above 4.01 or breaks through 4.16 intraday, I'd be out of this hypothetical short with my relatively small hypothetical loss. A 4-5% loss is recoverable with 1 or 2 good trades. This hypothetical short is just for entertainment purposes, so don't blame me if you do anything dumb. Have a nice weekend!
NYSE:DDDShort
by redwingcoach
DDD Head and Shoulder pattern measured move targets on the dailyHead & shoulder pattern breakout on the day chart. Measured move targets are the fibonacci projections 2x and 2.618x the H&S high to low range. Buy at Open; Stop loss at Fridays breakout day low (4.89) minus .13 = Stop loss @ 4.76. Target #1 at Fib projection 2x = 6.40; Sell 70% of shares with new stop loss at sell price ((6.40)-.13) = 6.27 Target #2 at Fib projection 2.618x =7.30; sell the 30% of shares still remaning if not already stopped out.
NYSE:DDDLong
by ArtWells
DDD 3D Systems. The Cheapest High Tech Play You Haven't Heard OfDDD is a 3D printing stock which experienced incredible price action back in 2014 when there was a lot of hype around 3D printing. Back then the company was not making money, now it has a great balance sheet and strong earnings and trades under a P/E ratio of 5. The stock is cheap in general and especially for a new age tech stock. Let alone 3D printing could go through another hype cycle and make this stock pop big time. Target is at least 35 dollas in the next couple years
NYSE:DDDLong
by inanis_
ShortSpeculative. Near support line. Brakedown - we on deal. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
NYSE:DDDShort
by QuantumLabSignals