Something is cooking. Look for industry news. And make your safe entries. DISCLAIMER: This is just my analysis. Before entering a position, you should be in conviction with multiple factors which include macro and microeconomic parameters to ensure that you are ready to face the intended risk to reward ratio. PSE:BDO
RSI indicator tells us that it is below 30 oversold level, it is a good entry.
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DMC was doing really well in the past several days rallying 36% from when it first breakout in Oct 1. Due to the parabolic run, early buyers had a selling spree to realize their profit which brought the stock to its current level. The interesting part is it just touched the 38.2 retracement level and in case it holds, a bounce is imminent. That doesnt mean...