A tradable 3D printing stock

We are in an era with flourishing innovations occurring on a daily basis. 3D printing is one of them that will change our life in a revolutionary fashion. It may impact on all aspects of our daily living. The toy industry is the most obvious and first one that will benefit or be hurt by this technology as ordinary people like you and me can easily print out the toys we want without having to shopping around. Maybe soon we will be able to print out a car? How about printing out an living organ for transplantation? Simply using your imagination what the 3D printing technology can do for us. Its future is very bright. But as with any new technology, it often goes too fast and too far ahead of itself, especially at its early stage. This is what happened to the 3D printing 2-3 years ago when there was a huge euphoria prevailing and it seemed that we would be able to widely adopt the 3D printers immediately. Ihighly doubted about the hype and couldn’t help but shorted the leading 3D printingstock, 3D Systems (DDD). It was a right call and I made some money from the shorting. DDD indeed plunged from over $30 at that time all the way down to around $5 at is bottom. Since then, It has bounced back but spent the last year in a side way consolidating manner around $17-18. Then last week it finally broke out to the upside after a better earnings report. This is a very bullish move and it should go up much more, likely to challenge its old high over $30 in the weeks or months ahead. Having said that, be aware that in the very short term, it is a bit overbought and also considering we are entering into a bearish season, I won’t be surprise to see DDD to draft down first in the days ahead, towards two support lines (the green of its recent high around $18 and the pink of the sideway trend around $17). If more severe correction arises, then it can also come down to kiss its 50 DMA around $15.5. But I’m confident that DDD will mount another more significant leg up soon after accumulating enough energy, for probably a 50% jump!