Last week DDD, a 3D printing company, caught my attention by making a daily "loser" list. Having never heard of the company I took a quick look at the chart to interpret its E-wave. They were textbook.
DDD formed a bubble that topped in early 2014. In classic bubble behavior, the price collapsed (Wave A ZIG ), but not all the way to the area where the bubble started. Wave B is a zigzag with again, a textbook triangle separating zig from zag. The zag is done, and larger degree Wave C ZAG has begun. I'm looking for Wave C to end in the price range of $2-$5.
As an alternate count, Wave B could be wave a of 15-20 year corrective triangle.
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