DBD hits resistance and may make a $2 pull back towards support
DBD price has been an earnings roller coaster wild horse.
Price moved up from 10 to 14 back in late July. 40%
Then moved down from 10.3 to 6.5 in October. 35%
On Dec 12 a 1.50 price gap was filled with price moving up to hug a upper price channel.
Two months into the price channel I see price preparing to have a natural pull back of 2 dollars.
With price hitting upward resistance, divergence with stochastic and recent higher prices near 13
RSI looks like it too wants to start a turn downward.
Previous falls from $13 resistance have measured near 3 dollar moves. Support and lower price channel would be 2 dollars lower near 10.40 area.
Short trade to start at 12.40 with 10.40 target. SL 12.95
Dr.RAV
TRADE to win/Trend is your friend...MANAGE the risk/Make your success
Price moved up from 10 to 14 back in late July. 40%
Then moved down from 10.3 to 6.5 in October. 35%
On Dec 12 a 1.50 price gap was filled with price moving up to hug a upper price channel.
Two months into the price channel I see price preparing to have a natural pull back of 2 dollars.
With price hitting upward resistance, divergence with stochastic and recent higher prices near 13
RSI looks like it too wants to start a turn downward.
Previous falls from $13 resistance have measured near 3 dollar moves. Support and lower price channel would be 2 dollars lower near 10.40 area.
Short trade to start at 12.40 with 10.40 target. SL 12.95
Dr.RAV
TRADE to win/Trend is your friend...MANAGE the risk/Make your success
أغلقت الصفقة: تم الوصول للهدف
Short trade hit 10.40 target today.... I'll take it...will watch this for set up to go long again.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.