Introduction : After rushing up vertically, 3d-printing stock Stratasys is currently moving sideways with a tendency for further gains, which is however not yet confirmed and opens up possibilities for swing-trading in rather short timeframes. Analysis : The midterm-upward trend has been left, with the last highs forming a slightly downward moving resistance...
The idea is to go long following the major trend - wait the possible end of price retracement before going long. The strong preliminary results from 3D Systems are sparking investor optimism that the 3D-printing industry is about to come roaring back as manufacturing activity picks up and economies start to recover from the havoc caused by the pandemic. NASDAQ:SSYS
Stratasys is trapped in a bearish long term play. It is going to be long because 3D printer adoption has been slower than expected. It is going to be long because the bubble did pop 6 months ago. If the 30 $ level holds, then you can try to swing trade it (Red path) is a long term bear flag pattern If the 30 $ level does not hold, I would sell at a loss and buy...