nexxtrade

WATCH $DQ FIND SATISFACTION IN TRADING WELL

Long
NYSE:DQ   DAQO New Energy Corp.
Bullish
Fundamental

- High inflationary Macro environment / No fear sentiment
- Funds Accumulation
- Positive PE
- Positive PEG
- Positive P/FCF
- Top Sector / Industry / Leader
- As per CCP direction on carbon neutral and global effort to have renewable energy theme


Technical


- Momentum Theory Indicator - broke out down trend and broke out neckline for new trend
- Price action formation ( falling wedge )
- Broke out Trend line
- Price above 200MA
- Price above POC and above high volume node
- Quantified criterion met
- Momentum theory 02 bullish divergence
- low pull back volume, break out surge volume




Entry idea

- For members

Stop loss depending on entry and risk appetite. But always set meaningful stops.


"A goal without a plan is just a wish. "




Cheers and happy trading!



Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.