DDD: Buy the breakout and the crossover
Backdrop
Since the positive pre-announcement of last week, the stock has popped and broken its up-channel resistance at $12.
All the while, the SMA 50 has crossed the SMA100 to the upside, providing a "golden-cross" positive cross-over setup.
The stock has since given back some 8% - Been waiting for it to consolidate towards the resistance-turned-support.
Trade setup
Today, it looked compelling to buy the shares, which were further consolidating in a weak market.
Purchased DDD at $12.15, just above the support.
Expect the target to be reached in 4 months.
Risk analysis
Target $16
Stop $10
R/R 2x
Since the positive pre-announcement of last week, the stock has popped and broken its up-channel resistance at $12.
All the while, the SMA 50 has crossed the SMA100 to the upside, providing a "golden-cross" positive cross-over setup.
The stock has since given back some 8% - Been waiting for it to consolidate towards the resistance-turned-support.
Trade setup
Today, it looked compelling to buy the shares, which were further consolidating in a weak market.
Purchased DDD at $12.15, just above the support.
Expect the target to be reached in 4 months.
Risk analysis
Target $16
Stop $10
R/R 2x
ملاحظة
Currently trading pre-market at 13.10, above the SMA200 resistance turned support. Golden cross of early March is working as expected. Keep holding for now.
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.