TradingView
TradeVulture.com
Jul 9, 2012 4:21 AM

$DDD: Channel Rejection Idea  Short

3D Systems CorporationNYSE

Description

Keep my eye on this one. Looking for a rejection around $37. If it fails to make new highs next week, this looks like a solid short opportunity. The daily is highly overbought but the hourly is fairly oversold. Ideally, I'd like the hourly to catch up and get overbought creating strong confirmation on multiple time frames.
Comments
stanbokov
Agreed.
stanbokov
submit this to bullseye as well
fifasspekulant
Agreed.
TradeVulture.com
TradeVulture.com
First Target hit
Barker
Good call. Took this trade Monday morning. Went short at 35.55. Holding till the 15 minute stochastics moves over 20 line. So far so good. THX!
TradeVulture.com
Glad you made some money today.
TradeVulture.com
keep your eye on the 20MA here. Could get some temporary consolidation. Move stop and look for $31 as next target.
at-trader
Agreed.
More