1DDD trade ideas
$DDD (D): Solid two year crush. Gracing top of bearish channel.Resistance near R3 pivot. No need to rush in long despite SMA50 (Red MA) having a positive slope and SMA200 (Black MA) slowly becoming flat sloped.
Expecting some near term profit taking. As long as there is support near 8.50 and your technical and fundamental analysis conditionals are satisfied, be patient and stalk your entry.
Bullish RSI divergence, 200DMA breakWeekly Chart with daily MAs.
Simple 200DMA break trade, these seem to be pretty successful.
Chose some old resistance to serve as a profit taking point, might even want to trim ~$27 and put the money to better use... if there's a fluke and we even make it there from here ;)
3D Printed Crystal BallJust jamming what I see in the tea leaves for this stock.
Rally up to break bear trend channel. Pull back to fill gaps around 8.30 and 7.55 before rally back up and heading towards $10.
TARGET 1 Price: 6.77 Profit: 21.4% (Typical pullback)TARGET 1 Price: 6.77 Profit: 21.4% (Typical pullback)
Cover/Trailing Cover: 9.12 Loss: 5.9%
P/L Ratio: 3.6 : 1 - Good
ACCUMULATE DDD - BELL CURVE BOTTOM - CORP TURNAROUND IN PLACEDDD was a classic wall street pump and dump. This is typical in exciting new industries where price manipulation can be easier to facilitate.
The old CEO had a terrible communication problem and let the street define the company"s success , now that he is gone , there are numerous actions being done to redefine the company's identity in the Market place
Medical device Industry should play a major role in turning around this company and hopefully when a new CEO is announced , he is a visionary that can implement a long term strategy Wall Street can get behind.
$DDD - Failing to break downtrend?As $DDD downtrends, it showed weekness when it came close to down trend resistance.
As you can probably tell, my risk is very small compared to my reward in this case because any break and close above the trend line means a change of trend. Possibly to the up side.
I have been waiting for this to turn around and out of the downturn in the hype cycle. May be this is it. it may do a double bottom here but time to add more.
DDD Navigating a bottom feederI see that on the daily chart DDD selling is stalling and flattening out.
It seems to be working on a triangle here at the bottom.
So I've charted out a few ways one could enter this long side.
DDD seems to be consolidating inside the triangle. There could be several buying strategies.
1. buy the breakout (close above) of the diagonal green downtrend line
2. buy the breakout (close above) of the triangle green line
3. buy the breakout (close above) of the black dashed line @ 24.04, place stop at a future swing low
4. buy as close to the red line as possible
For:
1 - place stop 10c below most recent low in downtrend (i.e. 21.50 right now)
2 - place stop at red triangle line
4 - place stop at 21.18
All of these strategies could work and seem valid.
I tend to favor the first option as it buys on an up impulse, yet keeps your stop fairly close.
Blue Skies Ahead!Give it a year, or two. It might go back to the MOON!
p.s. - Hedge with LEAPS (options).
p.p.s - Don't get greedy with underwriting options against the position! This COULD be a solid long-term hold!
DDD - Hated but due for a bounce soonDDD is approaching an interesting level. A combination of support from the downward sloping channel going back to Dec 2013 along with a significantly oversold daily RSI may provide the means for a quick bounce. Vertical lines note similar times previously where daily RSI has moved below 25. The past three instances (within the downward channel) has produced gains of 54%, 15%, and 24%. Support as noted on the chart will be between 19.00-20.00.
DDD head and shoulders brewing up here?Closed on the resistance and almost the low of the day, definitely not a good sign. But in the hindsight can we possibly have a head and shoulder forming here. Next few days would tell how this turns out. Over 31.50 it's a clear break-out.
Would be a good risk reward ratio with entry at 29 should it get there. RSI clearly is way oversold. V short term looks like a good short.
5/10 wk MA x-overConsolidating recently. ER coming up 2/26, MA x-over on watch today through earnings before ER play.
