DK is at a support level now. The idea is that it will stay within the trend channel.
There are 2 ways to play this:
1. Enter now for max profit (upside > 25%)
2. Wait for confirmation
I choose plan 1 and buy now. Tight stop loss, target 65.
Link to profile on marketwatch:
www.marketwatch.com
This is a bullish swing trade I am considering entering tomorrow. I am going to watch the markets closely to see how they open tomorrow as well as the oil market. I liked the crude inventories number that came out this afternoon which I believe could help boost oil prices as well as the price of oil stocks. Whether I enter this trade or not will depend on several...
Possible IHS
This chart is made for the FREE BLOG at our website.
DK is in an almost symmetrical IHS pattern.
As always...only becoming a valid pattern with a decisive break of neckline.
Resistance right now at Gann angle and showing negative divergens.Have to take both out.
Target: 29.50ish
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Ticker : DK
Direction : SHORT
Entry Price : 13.49
Current Price : 13.49
Description of Chart :
After failing to get above or bounce off of the lower blue trendline at the 14.00 area we have now broken lower. This could be a chance to short down to the 10.00 area or even 7.50 for those ultra bearish. I have drawn in what I think the 50 MA might do over the...
