JN_Wealth_Management
Long

Buy Dixons Carphone (DC.) - Calling this higher.

LSE:DC.   DIXONS CARPHONE PLC ORD 0.1P
Buy Dixons Carphone (DC.)

Dixons Carphone plc (Dixons Carphone) is an electrical and telecommunications retailer and services company. The Company operates through four segments: UK & Ireland, Nordics, Southern Europe and Connected World Services ( CWS ). Dixons Carphone offers a range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and KNOWHOW. Its primary brands include Carphone Warehouse, CurrysPCWorld and Simplifydigital in the United Kingdom and Ireland

Market Cap: £1.60Billion

Dixons Carphone is trading in a bullish channel on the daily chart . Although this move higher appears to be a corrective one within a longer-term downtrend, it still offers excellent risk rewards. The shares have fallen to the lower end of the channel and have found support. A move to the upper end of the channel cannot be ruled out.

Stop: 129p
Target 1: 166p
Target 2: 180p
Target 3: 190p


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Comments

Completely disagree with your chart. It's on its way back down according to my TA
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Not for me. Have you seen how much debt they are in? I would be very cautious.
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Rising wedge into a bull market, usually creates a greater probability for the south (which leaves a smaller probability for the north).
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Very poor call. Sorry.
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@Gmisiri, Losing trades happen.

I am comfortable with them, no one trade will make or break my account.

Also, the trade hasn't hit the stop loss, so there is still plenty of opportunities for this idea to work.

Good luck.
+1 Reply
@Gmisiri, saying something like this with no reasoning or counter TA just makes you look bad. Very good call and I am still in also.
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Thank you very much sir, may the one bless you well
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good
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Which trading platform can I use to find a these stock
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