DGS Dividend Stock - Low Risk High Reward SetupWe've been making higher and higher lows since August of 2019 and finally broke to the upside.
Golden cross confirmed.
We're fresh off a new macro low and historic price data indicates major moves to the upside usually follow afterwards.
RSI still bullish.
Low risk high reward because we can still make a move to that upper channel which is where I would sell most bags. But if we continue to break to the upside out of the macro bear channel I could see some insane profits ahead going into the end of the year. Keep in mind this is a 22% dividend stock which is the main reason why most people invest into it in the first place.
I will be watching carefully because if we end up moving to the downside before reaching our goal I would only be looking to enter at the next low considering it's also oversold at that moment. This way I can be more confident in not only a nice long move to the upside but enjoy DGS' juicy dividend payouts in the process of holding this asset.
Safe trading, cheers!
