Hello everyone,🐂 Here again Rom with a new trading idea Based on the "channel UP". A trading channel is drawn using parallel trendlines to connect a security's support and resistance levels within which it currently trades. A trading channel may also be known as a price channel. A trading channel is drawn using parallel trendlines to connect a security's...
Doubleverify Hldgs Inc help brands improve the effectiveness of their online advertising. I bought half a position and so far the price hasn't under cut its support at $25, just were my stop is. For me this is a really good sign, considering what the SP:SPX is doing. The bad thing is that the OBV and ROC is signaling a bearish divergence. If I had full...
$DV quality name with contracting volatility. Setting up.
I've posted about $DV before and its getting more constructive. Potential growth IPO putting a base bottom. Not in stage 2 uptrend and plenty of overhead resistance. Needs to tighten up real good. I would NOT be a buyer tomorrow.
$DV - Technology | Software - Application all time low was established from Q1 ER (early May) and price action has been basing since with RS. year long DTL have been violated, and latest closing above 200MA is a first since IPO immediate resistance at VWAP from ATH $28.10
Bullish - Pending to break downward trend line - Forming Inverse head and shoulders - Building base - Positive FCF - Positive Income - Funds accumulating Entry idea - For members Stop loss depending on entry and risk appetite. But always set meaningful stops. “The successful warrior is the average man with laser-like focus” Cheers and happy trading!