Possible swing trade trade setup inside the channel Trigger would be ideal entry price and stop loss is also marked ideal take profit would be at the test of the upper channel line or sooner depending on your trading style
$DOC - Sideways Trading
The price just tested a strong support zone and it reacted in a perfect way. The next target is a change of direction again up to $18.87.
BUY @ 16.5
TP1 @ 18.87
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DOC has produced a flag pattern. The 10 and 20 MA are providing resistance. The coppock curve has already gone negative. If the stock breaks the 10 and 20 MA I would buy till resistance (top black line). If the stock forms a candle downwards outside the flag pattern I would short till resistance, but if the coppock curve goes below the lowest black line then I...
DOC is riding down it's lower bollinger band. Once it separates from the lower band we will look for it to travel to the upper bollinger band. Confirm with a RSI rising above 30 and a MACD crossing. Stop loss using lower bollinger band.
