vlad.adrian
Long

DDD - Long on bullish divergences

NYSE:DDD   3-D SYS CORP DEL
526 7 1
Update 25.04.2014 : I closed this trade 2$ below my entry, as I got bearish on the US market and this stock didn't go anywhere, it lacked momentum .

My last 3D idea didn't work out, as the whole market, especially the tech stocks continued their fall.

Now, all the stocks are turning up, and DDD             has a very nice picture.
There's a tripple divergence on the MACD histogram, and another divergence on the FI             . (I'm sorry, on the histogram there is a double divergence, not tripple!)
First major resistance is at 55. If that level gets broken, I expect a rally to the 70$ area.

Related Ideas

MarshallFX_
2 years ago
Interesting outlook. What's your opinion on RSI? Are the EFI and MACD more suited to your strategy and happen to show divergence or does RSI divergence occur to often to be taken into serious consideration?
Thanks
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vlad.adrian PRO MarshallFX_
2 years ago
The RSI most of the time shows the same divergence as the MACD lines, so it doesn't really matter which one you use, it's a matter of prefference. The major difference is that the MACD comes with a histogram, and I use them seperately. Sometimes there will be a divergence only on the MACD, sometimes only on the histogram, such as this case. The really nice setups come when you have divergences on both. Another way of using the histogram is to confirm a divergence on the MACD lines.
The EFI is a bit different, as it uses volume in its calculation. There will be times where there will be a divergence only on EFI, and not on the MACD, or the other way around. Best setups are when you see on both.

My method is very similar to the one Dr. Elder uses, with some adaptations. You can read his books if you wan't to learn more facts, or if you are interested you can check my other charts, most of them are analyzed with this method and you will see that it has a very high accuracy, and I'm only a rookie. I'm sure it can give even better results once experience comes in play.
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25.04.2014 I want to exit this trade, very close to the entry level. I am very bearish on the stock market
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fcha PRO
2 years ago
Adrian, I m watching this stock, when is time will be good profit. Read the news about "Google in 3D printing"
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vlad.adrian PRO fcha
2 years ago
I coulnd't say, I do not watch news and fundamentals
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fcha PRO vlad.adrian
2 years ago
Ok, I will let you know.
Reply
YimLiu
2 years ago
It still not finish running the course yet. The down side is remain high.
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