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DEXCOM INC DRN

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D1EX34 trade ideas

DXCM breaking out of 4 month consolidationDXCM has been in consolidation over the past year and within that it's been forming a smaller range since Feb of 2021. The smaller range has broken out with a lot of buying pressure and is now testing the broken resistance as support. Three things make this breakout significant. 1. It broke out with a lot of volume 2. It's retesting the broken resistance of $423.40 and is indicating that there's demand for this company at this level 3. It's also using the 10 EMA as support These confluences indicate that DXCM is positioned to go higher in the coming weeks and months. Looking at the weekly or even the monthly chart you can see that there's a clear up trend. Next stop is the all-time-highs at $456.23! Final Notes: * Clear long term up trend * Broke out of smaller range with a lot of buying pressure * Using multiple confluences to build a solid support.
NASDAQ:DXCMLong
by HaseebKhan_90
ABC BullishThe larger pattern appears to be ABC bullish . If c is c, there could also be a smaller pattern inside the ABC pattern, a shark . The shark is labeled differently than the other harmonic patterns and begins with an O verse an X. C should land at the 1.13 fib level of OX. Like the Cypher , the 2nd peak is higher than the first peak. So you can really narrow down what this may or may not be when the pull back from the 2nd peak begins. Not a recommendation. Possible stop under C DXCM is known to be volatile. If you do not like long entry level today, wait and see what tomorrow brings (o: Price broke up from the triangle and the falling wedge. .
NASDAQ:DXCMLong
by lauralea