alexp

PA bear setup in DDD

Short
BATS:DDD   3D Systems Corporation
1
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.
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