The megatrend that has gone from infancy to toddlerhood, 3-D technology and particularly 3D Systems (DDD), recently came out with two news items.

First, on November 12th, 3D Systems Gentle Giant Studios, the industry’s global leader in photogrammetry for more than 20 years, announced the launch of two state-of-the-art mobile studios – Juggernaut I and Juggernaut II.

These studios eliminate the need to transport and set up equipment, saving production companies time and money without sacrificing quality.

Secondly, also on November 12th, DDD announced that Radhika Krishnan is now Senior VP and GM of their software workflow business.

Radhika brings experience and a proven ability to incorporate emerging technologies into solution offerings that deliver scale for the business and greater ease of use for the customer.

With these developments, and my bullish projection for the company as well as the whole 3D space in general,

What does DDD’s chart show?

I show you two different charts.

The one on the left is the Daily chart.

There are four moving averages. The dark blue line is the 50 DMA, the yellow the 100 DMA, the green the 200 DMA and the cyan the 10 DMA.

The parallel lines you see denotes a channel that I put on the chart after the May lows were established. The lower channel line shows the price sitting right above it.

Although DDD sold off after the last earnings report, I still consider that an opportunity to begin to develop a long position.

One of the reasons, besides the huge potential for future growth as a technology, is technical.

On November 2nd, after making a new multi-month low, DDD rallied to create what we call a slingshot bottom.

However, timing and risk is everything.

The chart on the right is the 30-minute view equipped with floor trader pivots.

This is what we like to use to fine tune entries, along with our signature opening range rules.

Note that using our proprietary software, the chart also shows projected pivots for the following trading day.