ramek
Short

Lil short

BATS:DDD   3-D SYS CORP DEL
206 7 0
1) On the long distance this can be an accumulation.
2) But I think in trading range could be a nice little short.
3) If I am wrong about the 1st point, then it can be also a longer term short trade.
snapshot


Here is what I see in Renko.
Reply
ramek littleriver
Sorry, I don't understand your chart. Could you please explain what is accumulation support?
Reply
Lots of trading action in this area. Many buyers at this price level. As price reaches this level they begin to buy acting as price support.
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snapshot


Here is a candlestick chart. I see more bullish signals. Price closed above 10EMA on good volume. The formation circled is a double bottom reversal. It could go down but looks more bullish, at least till it gets to the $35 level. Then, a bear for sure.
Reply
ramek littleriver
May be you are right, but the trend is still down. I think it has to test 27-28 area and show us a sign of strength before it turns bullish.
Reply
I agree. It may never see $35 again but wanted to share the idea. Happy Holiday!
Reply
ramek littleriver
Happy Holiday to you too!!!
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