DRR - Buy at 3.50 range?I think DRR looks good, may be worth taking chance at next correction at around $3.50 range. any thoughts, please ... Please note these are my own notes for future reference, by no means trading advise to anyone. Also, please feel free to comment or share your thoughts. Longby AsimMirzaTraderUpdated 0
DRR - Could be backtesting to go up.DRR has broken out of its downtrend and the recent pullback lower could be a backtest of its downtrendline. It has been consolidating and holding well at the current zone of $4.15 - $4.30, and I expect that it should continue higher from the current levels. We could see a bit more consolidation before it heads higher. MACD histogram shows that Bearish momentum may have slowed. I will be a buyer once it shows strong bullish price action. My trade plan will be as follows: TP1 - $4.77 (potential 12%) TP2 - $5.03 (potential 18%) Stoploss will be below the consolidation zone Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade. Longby AsimMirzaTrader1