Stock Of The Day / 02.28.25 / DV02.28.2025 / NYSE:DV
Fundamentals. Quarterly and annual earnings reports did not meet expectations.
Technical analysis.
Daily chart: All-time low of 16.11 is ahead.
Premarket: Gap Down on moderate volume.
Trading session: The price breaks through 16.11 at the opening of the trading session without any visible reaction, but on the pullback, we see a clear hold of the 15.90 level and a tightening to the level. We are considering a short trade to continue the primary impulse in case of holding 15.90.
Trading scenario: #pullback along the trend (#false tightening) to the level of 15.90
Entry: 15.61 when the structure of the tightening to the level is broken.
Stop: 15.95, we hide it behind the level with a small reserve.
Exit: Close part of the position at 15.07 when the structure of the downtrend is broken. After that, the upward movement did not develop and the downtrend continued. Close the remaining part of the position at 14.09 when the structure of the downtrend is broken again.
Risk Rewards: 1/3