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BBTrader29
Mar 31, 2021 7:44 PM

DXC Snapback Short

DXC Technology CompanyNYSE

Description

DXC has had 5 consecutive green run up days. It had a gap up yesterday and traded today on lower volume. This shows the price action is slowing down and declining while being overextended. Its above its upper bollinger band and beyond 90 on stochastics. This is a criteria for a snapback down towards support at 29.60. If it continues to get bought up beyond 32.5, the trade will need to be exited.
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