- Weakness since May 11. - where you are long or short, it would be wise to wait for a retest to $292.5 and see the price action before making any trades.
DXCM STOCK PRICE CHART HAS LATELY FORMED A POSSIBLE DOUBLE TOP PATTERN AROUND THE $428.59 DOLLARS PER SHARE. THE STOCK PRICE HAS INFLATED NEARLY +50% MORE THAN THE HIGH BEFORE Q1 2020 CORRECTION. INFACT, DXCM STOCK PRICE WAS $302.50 AT HIGH, BEFORE MAKING A LOW AT $191.16. THE STOCK PRICE HAS SINCE THEN, IN ABOUT TWO MONTHS TIME, INFLATED BY MORE THAN 100% ADDING...
$DXCM is also beginning to look like it wants to pullback very soon based on the monthly log chart!
Dexcom has been on an insane run, I think it is a great long term stock. However I am looking at short term, we can see a rising megaphone pattern and inside of it we see a small rising channel that is pristine until the last hour of trading on 5/8. Due to this I am short for this week, I will be looking for a quick gain on puts and get out.
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few key points. Dexcom very recently faced a 52 week high, had positive quarterly earnings, is on a bullish run, outperformed other stocks in the same sector, continues stable growth and has a strong buy rating. It...
Dexcom broke apart the resistance with great volume. RSI hit the resistance but the volume may give power for next week. Watch for RSI
#Dexcom is approaching to the top. Volume is still below the average so it may stall.
buy only aobve 278.75 or sell below 242.25 Its long range shot. Keep an Eye buy only aobve 278.75 target 282.55 target 285.25 target 288.25 SL: 272.25 or sell below 266.75 taget 262.25 target 259.25 target 255.55 SL 274.85
RSI trend is broken down. It may do some correction for a while
buy only above 280.25 target 285.25 target 288.25 SL: 275.25
Was it on your watch-list (see link to related ideas)?
DXCM - Momentum, Approaching to the Middle Point of the Volatility Range Selling Wave in the Bullish Momentum. Normalizing the Over Extended Price. Making so, the price can still decline approaching the Average Trend Pointer, decreasing volatility. For those who hold an overall investment the Asset Value at Risk is the worst scenario the price can reach, the...
Don't just buy into the tickers your reading about that are climbing during this correction. Some look horrible at this point, but this really does look like it's ready to break out and climb higher. Watch for a bull flag breakout on good volume.
buy only above 245.25 target 252.75 target 255.25 SL 240.25