DPS Stock Technical Analysis (Long)

Bottom 2 red support lines are
-50% retracement level for previous uptrend
-confirmed support level

First target: long two waves up to close the gap
Second target: previous top before the retracement
Third target: Undetermined, will wait for top to be broken

Next earnings (most likely) July 27th.

Comment:

Well:

We got our target of almost $97 (FIRST TARGET).

Now we are back down to where we started.. so cheers to the first target hitting and grabbing a nice 7% since my buy signal. However, I am still long on this stock. I still believe we will eventually hit 98-100 a share.

Comment:

This has turned out to be, surprisingly, the most WILD of my stock predictions thus far. I predicted around 97$ a share and the spike of the candle got us soooo close. But this growth was rapid and unhealthy.

Merge that with some fundamental factors (CEO of recently acquired Bei Brands stepping down) and you get a correction just as sharp as the explosion. IM STILL IN DPS. This move is part of a bigger range, the GAP WILL CLOSE AROUND 100 A SHARE!

Comment:

I think DPS will find resistance around 88$ a share. So, unfortunately, the sink has room to... sink

Trade closed: target reached