Sublime_Trading
Long

A UK STOCK MAKING NEW HIGHS!

LSE:DPH   DECHRA PHARMACEUTICALS PLC ORD 1P
Dechra Pharmaceuticals LSE:DPH has been consistently growing since it launched on the UK Stock Market in 2000
where it opened around £1.25 and now currently stands at £25.
Although it has consistently risen ever since, the trend does contain deep pullbacks so if you decide to trade this stock
then you will have to ride through periods of pullbacks that do last for quite some time.
Patience would definitely be needed with Dechra.

In the most recent pullback, price went down to a level of support from 2 previous resistance levels.
After finding support there, price found the strength to journey back to new heights and clearing the previous
all-time high. If price can remain above the resistance it recently broke through (purple line) then we should
see further moves to the upside.

Some traders may ignore stocks which have deep pullbacks but as long as the stock is a consistent grower then over time
it should produce you plenty of profits.
The pullbacks would offer you ample opportunities to compound by buying new positions when price falls to the support areas.
Looking at the recent pullback area, taking a position there would have put the trader into profit almost immediately.

If you did miss the breakout opportunity to enter then wait and see if price falls to the new support area which is the
previous resistance (purple line).

One to keep on your watchlist
Free Goodies!

Learn our trading techniques: http://bit.ly/4-Part-Training

Register for our newsletter: http://bit.ly/Sublime-Stocks-Newsletter

Are you using the right broker? Read here: http://bit.ly/Broker-Guide

Blog: http://bit.ly/Sublime-Blog

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out