DWAC - there might be room to build on today's 63% gain
One of the challenges many traders face is buying into the idea that something has moved too far for them to get on board. Often viewed as 'overbought' or 'oversold.' I don't buy that idea. Oscillators are nothing more than a derivative of price and offer no insight.
Rather, when a market moves out of an area of congestion and takes out key levels, it provides far more upside than we would normally expect. Case in point here.
At a minimum, 33.26 (RED) is the minimum upside objective, with 36.70+ (PURPLE) not out of the question.
Rather, when a market moves out of an area of congestion and takes out key levels, it provides far more upside than we would normally expect. Case in point here.
At a minimum, 33.26 (RED) is the minimum upside objective, with 36.70+ (PURPLE) not out of the question.
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