SSYS is a company from the 3D printing industry. It has been in an aggressive downtrend, losing more than 80% of its value since it topped out in 2014.
Looking at the weekly chart, I believe the stock has not bottomed yet. Price is at value after a class A bullish divergence, while the Force Index is oversold.
The daily chart shows a nice double top with a bearish divergence on the MACD lines, histogram and Force index. A text book shooting star candle made a false breakout at the double top.
If this won't prove to be a V shaped bottom, we should see this stock around 15$ again.
Looking at the weekly chart, I believe the stock has not bottomed yet. Price is at value after a class A bullish divergence, while the Force Index is oversold.
The daily chart shows a nice double top with a bearish divergence on the MACD lines, histogram and Force index. A text book shooting star candle made a false breakout at the double top.
If this won't prove to be a V shaped bottom, we should see this stock around 15$ again.
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Time to close, stock doesn't look so bearish anymore
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.