PA bear setup in DDD

BATS:DDD   3D Systems Corporation
DDD is demonstrating a strong bear trend since end of August.

Currently, it's in A2 bear set up (two legged move to EMA in a bear trend) with a good-looking reversal bar (although it's bullish , but still a valid set up as it was a second failed attempt to break above 20 EMA ).

Stops will be around 40 .45 area (MA), first target - 36.5

In case if set up triggers below 38.70 - should work all the way down to 34.00 where where we had a strong support line and where we have a lot of bull stops.

Fundamentally, it looks like DDD has been a bit overbought with all this 3D printing hype and extreme volatility of the DDD stock itself.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.