20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
3D Systems Corporation (NYSE: DDD) shares are trading higher by $2.30 (13 percent) at $18.90 in Thursday's session. The catalyst for the major rally is an upgrade at Bank Of America from Underperform to Buy.
After a much higher open ($18.25 vs. Wednesday's close of $18.10), it retreated only $0.15 to $18.19 before resuming its move higher. The ensuing rally did not find resistance until it $19.75 and began to pullback.
The issue has not been near the $20 level since late-June when it had a trio of highs just under that level psychological resistance level. Since reaching that elevated level, it slipped under $19 and is struggling to regain that level.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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