% | $
Quotes you view appear here for quick access.

3D Systems Corporation Message Board

  • nedim.husic nedim.husic May 17, 2013 2:23 AM Flag

    If the chart is a cup and handle...

    then we still need to make the handle. It should drop to around 40 before running back up.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • posted this yesterday:

      "if we're really talking technicals though, i'd say around 37.5 is the lowest it goes. I'm no pro at technicals, but I think we're seeing a classic cup and handle.... one of the easier to ID patterns. volume fits as well. from what I understand, going below about half the cup depth is unlikely. either way, this is a bullish pattern.... but an Arcam acquisition could end the handle early. I personally have my limit set at 41.5, but may revise that within a week or so, depending on how it's looking"

      I've since lowered 1/3 of the shares I was going to pick up to a 40 limit order. I think I'm playing it safe though. I've missed out on some upside on this stock before, I don't want it to happen again.

      I'd like to hear from these other guys too though since, as I've mentioned, I'm not an expert technical trader. just starting to get into it now.

      but newpikachu, do you not think the handle has begun forming since tuesday? that's what I'm seeing but I'll take whatever insight I can get. I personally think this forms a handle UNLESS there's an acquisition announcement. that could break the pattern and send it up prematurely (giggidy)

    • Good analysis. Just one problem: not all cups form handles before the stock goes up.

      Might be a good time to brush up on your O'Neil.

      Then you can join the crowd of 10,000 making technical forecasts on these boards for the benefit of the Yahoo community.

13.61-0.14(-1.02%)Oct 9 4:00 PMEDT