All set to hit $25?Looks bullish and curving up towards $25 (or that trend line). I am hoping it could reach it by end of this month.
SSYS
SSYS Bearish DailyNASDAQ:SSYS daily:
I will short at 21.54 taking out the low of today. Stop loss above local pivot high at 23.39
MACD negative and accelerating
Bearish bar today cutting through the 20 and 50 EMAs and the bottom trendline.
SSYS: Will it make a new all time low?Figured I'd keep the trend of 3D printing stocks going. This is one I bought after the "crash" and just sold for a loss. After seeing it not reverse I felt I should re evaluate my analysis and see where I went wrong. I thought the correction was over at the 11.91 low. bought on a setup on the 1hr which initial looked good, but then became a flat to continue down. I'll post that in the comments.
I see some inverse correlation between this and the 2 other print stocks I follow DM, and NNDM. It looks like both of those are getting ready to continue on the uptrend, and this one looks like it will continue down to make another low. After this happens I'd like to look for buy setups again. Until then I'm watching for a correction within this bearish impulse to confirm my current count.
What's your favorite 3D printing company? Thanks for looking!
3D printing, I want in $DDD $SSYSI read Ark Invest's Big Ideas for 2021 and according to them NYSE:DDD and NASDAQ:SSYS are the leading companies of the industry. As you can see in this chart, there is a clear winner when it comes of ROE, but I'll be buying the first one that plays by my rules. At the moment NYSE:DDD is ranked 3rd in its group by IBD Investors and NASDAQ:SSYS is ranked 4rd. Both are having a pretty heavy pullback that I intend to capitalize. Patience is the key, is better to get in late than early.
Although, NYSE:DM is ranked 1st in the same group so, is worth to take a look at.
State of the Art - 3D Printing Stocks in four Weekly ChartsWeekly charts of four of the biggest holdings of the Ark £PRNT etf
ssys - Stratasys LTDThe 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
SSYS swing tradePotential play on $ssys. I entered aggressively earlier last week and my stop is at break even. A safer entry is on the break of the last high indicated on the chart with profit levels indicated.
Long @ 6.50 target $12.25NICE setup for counter market movement, if 2019 is a flat/ topping year
IPO price is $25 range, consider that the long term target
