DTL - Positive Bias - Late September / Early OctoberSince 2000, the last 5 trading days of September & first 10 trading days of October have been historically positive for Data#3 Ltd (ASX:DTL).
15-day average absolute return 6.31% with a win rate of 18 from 21, median 4.86%, & standard deviation of 6.23%.
15-day average relative return versus the All Ordinaries Index 5.29% with a win rate of 16 from 21, median 6.88%, & standard deviation of 5.52%.
DTL trade ideas
DTL:ASX - DATA#3 LIMITED - Pullback to support / value area.DTL has had a good run this year and has had a pullback today down 5% on no news. Puts it back into a reasonable value area sitting on support. Could be worth a look tomorrow if it bounces and moves back up but you would want to wait for confirmation - or perhaps put a stop market order a few percent up from its close.
DATA#3 LIMITED (ASX:$DTL)Breakout of resistance area on good volume. Could be worth a watch on Monday if it heads the right way.
Got hammered pretty badly with the market downturn at the start of August so I'd probably suggest tighter stops if you take the trade.
Data#3 Limited is engaged in providing information technology solutions. The Company operates through two segments: Product, which is engaged in providing hardware and software licenses for its customers' desktop, network and data center infrastructure, and Services, which is engaged in providing consulting, project, managed and maintenance contracts, as well as workforce recruitment and contracting services, in relation to the design, implementation, operation, and support of information and communication technologies (ICT) solutions. Its technology offerings cover various areas, including consulting; which offers solutions to align people, processes and technology; data and analytics for business decisions; hybrid Information technology (IT)/cloud, which offers secure data center solutions; IT lifecycle management, which offers solutions to optimize customers' IT landscape; mobility, which connects to business networks and information, and security to manage cyber security.