BBTrader29

DOVA Flag Bounce

Long
NASDAQ:DOVA   None
DOVA is in a consolidation phase after a huge surge up a month ago. This has created a flag pattern in the daily and weekly chart. It has tested the support of the flag and is now bouncing back towards the top of the consolidation pattern. This can be played back into resistance at the $16. 40 level or even into a potential breakout of the flag up to the $17 level (conservatively). This has 7-10% upside potential with a stop alert right under the base of the flag.
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