jayadevbs

DISH: Resistance at 27 and Support at 23

Long
jayadevbs Updated   
NASDAQ:DISH   None
If Dish crosses $27 mark this week (11/06) with help of quarterly results, then it can sustain above that.
Or else more chances to fall back $23 support post elections rally.
Note: Quarterly results are on 11/04 and Election results are also on 11/04

Disclaimer: Analysis for education purpose only. Seek financial advisor before making any decision.
Comment:
Successfully sustained above $27 on 2nd day after this analysis post and also a day before result.
Now still sustain above $27 after quarter results.

Hoping next week, it will test $30 mark for consolidation.
Trade closed: target reached:
Hit high 29.99 on 11/09, Monday.
I exit a portion with $29.57.

Next NASDAQ:DISH analysis when it crosses 31.
Till that enjoy, keep following me for more updates and never miss an update.
Comment:
30+ was not expected.
Enjoy the rally.
Comment:
Analysis was done when price was 26.29 (Nov-4).
Now it is sanding at 31.54 (13-Nov, 7 sessions).
Still post-market expected jump up till 32.21.

My only unanswered question is when this post-election will consolidate/correct ?

This is only information and education purpose:
Booked profit for a small portion @ 29.57, waiting for another small portion ~34-35. And planned for a major chunk (full exit) will offload ~42-43 (complete Dish 5G rollout).
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