SMP99

DDD - Hated but due for a bounce soon

Panjang
NYSE:DDD   3D Systems Corporation
5
DDD 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.

Penafian

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