#DDR #ASX #AUSTRALIA Head and Shoulder Top breakdown27 months long Head & Shoulder Top breakdown !!
Probable target mentioned. .
DDR trade ideas
Dicker Data Ltd following 4 Relative Down WeeksDicker Data Ltd has just recorded 4 relative consecutive down weeks vs the All Ordinaries Index. Following this weakness, the 7-week forward interval displayed a positive expectancy. DDR is trading approximately 10% below the average target price of analysts surveyed by Refinitiv.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
Australias Dicker Data oversold on founder selling his sharesDavid Dicker sold off a bunch of stocks which sent FUD waves through the stock - until - he told investors it was so he could buy a private jet, fund his self-made supercar project, and play the US stock markets. Legend.
Stock could be worth a look.
DDR - It could be a breakout!DDR has strongly broken out of the bearish trendline with high volume and I expect price to continue higher. My target would be the next resistance level of $11.00 as TP1 and $11.50 as TP2.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
DDR.ASX_ST LongENTRY: 10.30
TP1: 10.70
TP2: 11.80
SL: 9.70
- ADX>25 today (5 Nov 2020)
- RSI>70 today (5 Nov 2020)
- MAs are aligned
- Good volume today on breakup
DDR Setting on the 20 week for a BreakoutDDR has set up a nice weekly pattern and is now on the other side of the weekly trend line, I would like to see volume dry right up and the 50MA turn to face up on the daily. Will be checking this chart daily.
DDR hourly rectangular breakout on earnings updatebullish macd and RSI trend. hourly breakout. Target of $5
$DDR - DICKER DATA - Good momentum$DDR - DICKER DATA - Good momentum
Dicker Data has been having a good run of late. Main concern for me for an entry is its liquidity. Buyer depth is gappy but certainly worth a watch as its making new highs supported by volume.
Dicker Data Limited is engaged in the wholesale distribution of computer hardware, software and related products. The Company operates through two segments: Australian and New Zealand operations. The Company sells its products to over 3,000 resellers. The Company offers account management programs, which include drop ship delivery program; server and storage presales team, eclipse program for HP business opportunities; extended producer responsibility (EPR) Program for Toshiba notebooks for corporate accounts requiring volume pricing, and imaging and configuration. The Company offers a range of credit options, including direct transfer, credit card (VISA, Mastercard and American Express), and approximately 30 days from monthly statement credit account. The Company's subsidiaries include Express Data Holdings Pty Limited, Dicker Data New Zealand Ltd and Simms International Pty Ltd.
$DDR ascending triangle ready for a breakoutPrice action and volume have contracted significantly and so may be ready. Watch for volume when it breaks above $2.70 for a long trend continuation entry.
DDR break and retest resistance zone - buy opportunity$ASX:DDR has broken out of the consolidating pennant formation with an impulse move from 2.44 to 2.75.
The price has subsequently retraced to retest the previous resistance turned support zone and presents a high probability buy opportunity.
