Today I ran across a stock ticker that I haven’t looked at in years. The daily looked like a beautiful trading opportunity and then I opened up the weekly and the charting took on a life of its own. Combine that with the fact that the industry is within its infancy and I believe this could be an opportunity of a lifetime. Its just a theory and I welcome all countering opinions because I am literally thinking about quitting the gold miner trading sphere and entering all my money here.

I would like to compare this market to that of the internet bubble that popped and subsequent unrelenting bull we have been in since 2003. DDD systems went from $1.25 to $97.28, a $96 move. It moved too far too fast and popped. The next phase may well be that of the upcoming bull within the 3D printing space. On the daily, you can see the beautiful pennant and consolidation that is in the process of breaking out of. That pennant should take us from $17 current price to about $31.

After I looked at the daily, I went back and charted the weekly move from 2009 to 2014. It had a very nice, clearly defined channel. I literally copied the channel on the weekly and applied it to the recent $6 low and wow, it was a PERFECT fit… so far. From there, things get a little crazy but lets play out a hypothetical… if the move from 2009-2014 is replicated form the recent $6 bottom, we would see a price objective $421.

My excitement is partially coming from having too much coffee today, so please calm me down and tell me why I am wrong 🙂 Oh, and after you do google the articles about how NASA and the entire medical industry are investing in the 3d printing space…

Weekly:

Daily: