$BOOM DMC Global - finding possible resistance near $43.
Expecting a correction in the medium term, back to the mid-30s or lower.
See chart Fibonacci levels for possible targets.
$SPY $QQQ $DIA
Already hit the resistance at $27.60. Looks to continue its uptrend towards the next resistance at $27.60. Should be able to profit for 3% at 27.55 or 5% at $28.08
Why I bet for a resistance breakout, if there is not happen yet and that puts me in a position of fortune-teller
Since I have as a rule to publish confirmed, resistance breakout and there is not happen yet
But I not making a stock market prediction
I am in the now and I am a trend follower with a price action orientation and I work and interpret the info that...
DMC Global Inc., formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company's businesses operate through an international network of manufacturing, distribution and sales facilities. The Company's segments are NobelClad and DynaEnergetics. The NobelClad segment is engaged in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints. The DynaEnergetics segment manufactures, markets and sells oilfield perforating equipment and explosives, including detonating cords, detonators, bi-directional boosters and shaped charges, and seismic related explosives and accessories. It owns explosive metalworking and metallic processes, and registered trademarks, including Detaclad, Detacouple, EFTEK, ETJ 2000 and NOBELCLAD.
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BOOM
