New Long Position $DDD #trendfollowingHello Traders,
My most recent equity position is active. I'm long $DDD as it has broken out of the symmetrical triangle pattern it was trading within for 55 weeks.
I have highlighted accumulation volume with green arrows. I have also plotted out the Fibonacci levels to keep an eye out for.
Anyhow, good luck. Trade smart and with a plan. Cheers. =)
DDD trade ideas
DDD - 3-D Sys, the classic Pump & Dump IMO
See the wide green range?
This is the phase where big investors accumulated.
Then, they pull the string...big Arrow:
This is where the little investor is trapped into this super hype.
While little Joe is buying on the sharp up-move and become more and more greedy, big investors are selling all the way up until no more "chair" is left...
This is how they make their fortune.
They have time (and enough money) to wait for payday.
P!
My favourite setup, potential bullish wedge.Potential bull flag forming.
This is my favorite setup. Go long when(e) starts to rebound up, and set your stop at the bottom of the rebound. (e wave doesnt always hit exact trend line) Buy more when there is a breakout from the top trend line, and move stop to the top trend line. Target $23-$25.
Also, zooming out at the weekly/monthly chart, this has the potential to go a lot higher, depending on how the markets hold up this year.