In technical analysis, a Double Top Breakout is a bullish signal indicating the reversal of a prevailing downtrend or the continuation of an existing uptrend. In the case of NYSE:DBRG , the stock appears to have formed a Double Top pattern, which is characterized by two distinct peaks at roughly the same price level. These peaks are separated by a moderate...
Well, right after data center infrastructure stock SWCH announced solid 1st quarter earnings results, we get an announcement that it's going private. DBRG and IFM Investors are taking it private for $11 billion. Shareholders will get $34.25 per share on the transaction.
The price action gapped up to around that level and it will stay in this range until the...
Trendline break
At Support Zone
Entry 6.6
Stop 5.5
Target 10
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
