zorro

Daqo New Energy Corp – Buy

NYSE:DQ   DAQO NEW ENERGY CORP
13 0 0
After a steep decline at the end of 2014 shares of Daqo New Energy Corp             . managed to retrace above the strong USD 23.65 level. While reversing at the bottom there was something of a head and shoulders pattern, with the boundary at USD 29.15. The stock fell to an intermin support level of USD 28.50 where it could venture to break out of the pattern. It makes sense to launch long positions above that mark with a pattern-size target at USD 41. On its way to this target, the stock will need to breach a substantial line near USD 37.70, so investors are advised to limit their movement to this trend. After this line is crossed it will be possible to buy in again with a longer-term target of USD 56.75.

My forecast participates in the Market Forecaster contest. Follow the link http://s30061920484.whotrades.com/blog/43604663128
to vote for it and help me win the top prize. Thank you.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out