A Good Swing Trade for DVA
On the weekly chart (below), we see that the price corrected to 61.8% Fibonacchi and tested support. It then continued up and broke through the 200 EMA line.
Moving down to the daily chart, we see a bullish divergence of the MACD histogram, and a break-though of the downward trend-line with high volume.
Our entry trigger will be at break of resistance above $68.90. A good swing trade with a risk : reward ration of 1:3.
Moving down to the daily chart, we see a bullish divergence of the MACD histogram, and a break-though of the downward trend-line with high volume.
Our entry trigger will be at break of resistance above $68.90. A good swing trade with a risk : reward ration of 1:3.
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