Jrussell86

DDD inverse head and shoulders

Long
Jrussell86 Updated   
NYSE:DDD   3D Systems Corporation
Complex inverse H&S; PT: 10.83 /17.41% above Neckline. must close above 2.5% of neckline to be valid pattern. If PT is reached it will also break downtrend line from June, which would probably do more than close the gap obviously.
Comment:
Since posting on 28NOV DDD has gained 12%; price has broken through minor downtrend from 03OCT reversal point but will be coming up 2 more reversal points from july and june. There is good chance it will break 2nd minor trendline. The 3rd coincides w/ gap close and will probably not be broken; squeeze momentum indicator ready to go negative on monthly. Keep your eye on 11.44 level.
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