SHORT TERM BUY / LONG TERM SHORTPrice has been in a flag pattern that looks like it should break to the upside but another converging triangle within the channel shows a break below the range. Putting the two patterns together shows a tight trading range first to the upside and then a continuation back down in a break and retouch fashion.
By measuring the price ranges, a break below the current low at 1.93 will drop price further to the 1.57 mark with extension to 1.26 level.
Trade safe, good luck
DIC trade ideas
Watchout!!Watchout a strong resistance is at 2.65 but there are good chances it will break as dividends are up and after that i will gap down. It can go down till 2.40 once the dividends are given out. Over all very bullish and in a strong uptrend. Its good time to buy but lets book the profit before the D day.
Hit like & follow guys ;)
Trying AgainIts trying again to cross the resistance of 2.40 over all its still in a uptrend all the moving averages are below the price which is bullish. If it cross the resistance of 2.40 then next target which is a solid technical resistance 2.50. Over all market is bet slow with low volumes due to the Dewa IPO as people are liquidating their position to subscribe the IPO.
Hit like & follow guys ;)
I Hope NOTIts been on a bullish runs for months now and the resistance is at 2.40 it have tried 2 times already and got reject if it tries quickly again for the third time there are good chances that it will break the resistance as its continuesly trying for a breakout and sellers are getting weaker now in the zone. As long as its respecting the trend line and also the 20 day EMA its safe. Over all bullish!!
Hit llke & Follow guys ;)
Pattern Failure!! I was very positive on DIC to breakout the pattern on the higher side but after the news about Russia & Ukraine broke out its getting weaker. It could not climb up to the resistance level and close. For now we are seeing it got rejected twice in a row. 2 scenarios from here, first it may take hold and start climbing from here to break the resistance and go higher, second it may come down to retest 1.20 zone and try again to breakout. Overall its still in a uptrend.
Hit like & follow guys :)
Which Side?Its in a bullish chart pattern, been waiting for a breakout in Fridays session but bulls were not very aggressive. If in Mondays session DIC opens with a gap up there are good chances it will breakout to the upside. Even a flat opening would be good to make a move to the upside. We dont want to see a gap down opening which will indicate weakness in bulls. All the best for the coming week, DIC is very bullish!!
Hit like & follow guys ;)
Ready AgainDIC is ready to fly again after making a fantastic move to the upside, if we can get a entry around 2.10 we can have a tight stop loss with good Risk Management. Also if I combine this setup with FIBO its giving us a good entry place at the golden ratio. Looking very bullish!!
Hit like & follow guys ;)
Retested Successfully Resistance once broken will potentially act as a support we can see the same happening here, volume slowly gaining momentum and bulls are taking charge for sure this stock is in bullish mode and its good for coming week if over all market sentiments are positive. Good for a swing trade.
Hit like & follow guys :)
Good Price ActionIts been slow on this stock but recently it have made some nice moves to the upside and its bullish.Next target is good now the question is will it come back for a retest of keep moving north? i think it will come back for a rest and thn resume the uptrend. Over all bullish.
Hit like & follow guys!!