Yum! This is for those who are unaware of this business, it's an online retailer which sells cute stuff such as candles, in Australia. Check out these multiples! Unfortunately TradingView doesn't show non-US stocks financials over time, but it has good growth, in large part by the lockdown. Check it out and see if it fits your portfolio! And it has a nice...
DSK has rallied nicely, but the recent price action indicates that maybe price has gotten top heavy. It looks very overbought currently and may need a breather and a decent pull back, as it has printed a double top, coupled with MACD Bearish Divergence. It has also broken its trendline, which makes me believe that it may run out of steam and pull back lower. There...
DSK share price has had an immediate rebound from the bottom support zone marked with the ascending wedge, and is likely to start a bull run towards resistance. If the market continues strong before the 27th of August when they release the 2021 financial year results, it is possible for the share price to reach $4, or even a new all time high.
ENTRY: 3.75 SL: 3.35 TP1: 3.95-4.02 TP2: 4.28-4.49 - ADX<20 - RSI>50, RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD +ve - Weekly RS N/A - Weekly FFI +ve - Weekly MACD N/A - Breakout ATH with good volume
Chart is healthy on the daily, Friday's sell off due to news is a worry, but if it can push on tomorrow then nothing to worry about. Im not a fan of gap ups, but entry on tuesday (dependant on tomorrow), could see a healthy 7% + gain come before any resistance.