Tuesday, July 04, 2017 10:39:56 AM
DDD Short and Hold
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.
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.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
