Jrussell86

1 year trendline breakout

Long
Jrussell86 Pro+ Updated   
NYSE:DHX   DHI Group, Inc
1 year downtrend breaking; Fan principle (3 minor waves from intermediate reversal point, each flatter than last) reinforces breakout along w/ HUGE increase in volume and squeeze momentum indicator show negative momentum decreasing about to go positive.

Fundamentally, renaissance technologies has a 4.2% stake and company has seen approx 75% increase in net income over last 3 consecutive quarters.
Comment:
DHX has successfully closed decisively above 1 year down trend, also broke above 3 fan indicating lowest of bottom since last major reversal point has passed; looking on weekly this very well could be last long term bottom.
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