Just Buy ItClearly it's just going to go higher, just like all of the balloons that will be filled up with $DMEHF's helium. Slipping out of the birthday boy's hand and floating off into the stratosphere.
DME trade ideas
DMEHF -- Desert Mountain Energy , Ascending Triangle PatternIn my previous post on DMEHF, I speculated that Desert Mountain Energy would continue sideways until mid Feb. This pattern has changed slightly from a symmetric triangle pattern to an ascending triangle pattern -- we're making higher lows and retesting the line of resistance on the weekly at $1.49. On the daily, the 20 day moving average is starting to creep above the 50 day moving average. Continued bullishness above $1.32 permitting, we might continue to trade along the 20 day moving average.
Something to watch out for are the thinning volumes which might make it vulnerable for the bears to take over.
DME.CA: Bullish Pennant, awaiting confirmation (43%)Bullish Pennant, awaiting confirmation (43%)
Pros:
Volume during post formation
Descending volume during triangle formation
Volume at break out
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50
200MA ascending
Target:
PT = 3.45$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due dilligence. This is not financial advice
Stay Humble, have fun, make money!
Education:
www.dailyfx.com
Desert Mountain Energy (DMEHF) -- sidways until mid-FebDMEHF has been trading sideways for the longest time and chart pattern suggest that there is more of it to come until late February/early March. We have a line of support at ~$1.10. On the upside, we have a line of resistance at $1.48.
