DBD hits resistance and may make a $2 pull back towards support
DBD price has been an earnings roller coaster wild horse.
Price moved up from 10 to 14 back in late July. 40%
Then moved down from 10.3 to 6.5 in October. 35%
On Dec 12 a 1.50 price gap was filled with price moving up to hug a upper price channel.
Two months into the price channel I see price preparing to have a natural pull back of 2 dollars.
With price hitting upward resistance, divergence with stochastic and recent higher prices near 13
RSI looks like it too wants to start a turn downward.
Previous falls from $13 resistance have measured near 3 dollar moves. Support and lower price channel would be 2 dollars lower near 10.40 area.
Short trade to start at 12.40 with 10.40 target. SL 12.95
Dr.RAV
TRADE to win/Trend is your friend...MANAGE the risk/Make your success
Price moved up from 10 to 14 back in late July. 40%
Then moved down from 10.3 to 6.5 in October. 35%
On Dec 12 a 1.50 price gap was filled with price moving up to hug a upper price channel.
Two months into the price channel I see price preparing to have a natural pull back of 2 dollars.
With price hitting upward resistance, divergence with stochastic and recent higher prices near 13
RSI looks like it too wants to start a turn downward.
Previous falls from $13 resistance have measured near 3 dollar moves. Support and lower price channel would be 2 dollars lower near 10.40 area.
Short trade to start at 12.40 with 10.40 target. SL 12.95
Dr.RAV
TRADE to win/Trend is your friend...MANAGE the risk/Make your success
Trade closed: target reached:
Short trade hit 10.40 target today.... I'll take it...will watch this for set up to go long again.