DCC trade ideas
DCC ~ Long Swing TradeOversold and has bounced off a support. Now capture gains from the imminent bullish reversal within this wedge.
Hold till resistance/an overbought RSI.
Place stop loss at 6850
Risk/Reward ratio: 4
Buy DCCDCC has corrected sharply in recent weeks and now appears to be stabilizing in line with the dominant uptrend support line. The bullish divergence on the RSI is another reason to believe that a bounce could be seen in the short term.
