Uptrend
It's entered to uptrend again and if today's candle was reasonable, my suggestion is buying by setting sl in a good place based on your method.
-> DLB has been ranging in this sideways channel
-> past two earnings have hammered the stock down to the bottom of the channel
-> short and simple (short from the top, take profits at the bottom)
-S/L @ ~$80
Just my opinion/not financial advice, cheers!
NYSE:DLB
Since the COVID-19, the DLB created nice and steady channel witch helped the stock keep a good uptrend.
Few days ago, the channel broke up, and now the stock start using the resistance line as support line.
If that happend - I will buy the stock for a long ride, and place my 'take profit' order after 15% profit - around 105 dollar per stock.
Of...
NYSE:DLB
At StockConquer.com we try to keep up and list trading ideas on our website. We leverage TradingView because it hands down has one of the best charting platforms for technical analysis. DLB formed a wide cup and handle pattern that broke out. What looks now to be a head a shoulders pattern. The suggestion here would be to take profits off the table...
$DLB posted earnings with a positive under reaction following the release with the PEAD projecting a slight bullish outlook with the stock being placed in Drift A
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Hey people, DOLBY LABORATORIES is in a very important moment in its history we can witness a new historical high. It is in a bullish surge with a high volume of purchases made especially at the beginning of the session. On the TIMEFRAME M1 we observed a morubozu bull so we go to a price breakout first then it is all just on the top of a balance zone. Great...
DLB earnings came out negative yesterday. Gap down today is a breakaway. Trading against the trend to retest resistance levels.
Entry 55, Cut 52, TP 58
Dolby had a near-vertical rally in early March (Wave 5) but has moved sideways since March 10 (Wave A). The high of the pattern is $45.16, and the low is $31.19.
Therefore, waiting for a daily close outside the low (wave a) may confirm the forecast to 0.5 Fibonnaci retracement in wave (c). The trend is up, so a stop beyond $45 and the expectation of a breakout is...
