Text me if you have any questions/comments for me.
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DMP
- First time doing a written analysis on DMP
- Stock has history of uptrends that usually end with strong price increases (blue arrows) that is followed by the stock falling below the mid-term support (red arrows)
- Since early Aug 2021, the stock price has risen more than 40% with almost no good setup for entries
- Today, it gapped down to test the short-term support and recovered with above average volume -> good sign
- A successful rebound would be around 164 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
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DMP
- First time doing a written analysis on DMP
- Stock has history of uptrends that usually end with strong price increases (blue arrows) that is followed by the stock falling below the mid-term support (red arrows)
- Since early Aug 2021, the stock price has risen more than 40% with almost no good setup for entries
- Today, it gapped down to test the short-term support and recovered with above average volume -> good sign
- A successful rebound would be around 164 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry