ASX: DCC possible 14% depending on BTCPossible quick 14% gains to be had short term on DCC with tight stop losses
Possibly will hit 5c for a retest then who knows... stop loss
the trend is your friend!
Be tight with stop losses, and if BTC tanks, dump DCC. If you were to keep stop losses tight a 14% move seems likely depending on BTC of course.
Not financial advice.
DCC
DCC bearish, broken a potential bullish signalBroke descending wedge which would have been a bullish indicator. DCC passed last support bounce line and looks like it will continue to go down to 13.5c and possibly lower. I'm not factoring the oversold RSI as fundamentally this stock is in danger due to total market sentiment towards crypto.
I will not touch this for a while and will be staring on the sidelines.
DCC ShortBroke descending wedge which would have been a bullish indicator. DCC passed last support bounce line and looks like it will continue to go down to 13.5c and possibly lower. I'm not factoring the oversold RSI as fundamentally this stock is in danger due to total market sentiment towards crypto. I would not be buying anytime soon and would be selling if I hadn't already.