WYCKOFF TREND CONTINUATION LONG FOR DVA
DVA has been trading in this range for about 2.5 months. There is a nice Spring briefly breaking the low of the Automatic Retracement. This led to a Sign of Strength on increased volume, then a lower volume test of the spring at the Last Point of Support level.
The conservative entry would be to wait for the breakout above the SOS level with an initial stop below the LPS level and a target at $84.90 (measured move equal to the width of the trading range).
An aggressive entry would be to enter on the Monday open, but if the stock reverses and breaks the SP level, this would negate the long.
The conservative entry would be to wait for the breakout above the SOS level with an initial stop below the LPS level and a target at $84.90 (measured move equal to the width of the trading range).
An aggressive entry would be to enter on the Monday open, but if the stock reverses and breaks the SP level, this would negate the long.
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