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.
littleriver
3 years ago
snapshot


Here is what I see in Renko.
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ramek littleriver
3 years ago
Sorry, I don't understand your chart. Could you please explain what is accumulation support?
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littleriver ramek
3 years ago
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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littleriver ramek
3 years ago
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.
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ramek littleriver
3 years ago
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.
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littleriver ramek
3 years ago
I agree. It may never see $35 again but wanted to share the idea. Happy Holiday!
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ramek littleriver
3 years ago
Happy Holiday to you too!!!
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