This is near a support. A good breakout and now testing the support. Very strong performance throughout the turbulence. Watch out for this stock.
DISCLAIMER: This is only for educational purpose.
Buy above 74.50
SL @ 63 (DCB)
Add more near 68-70 range.
Small resistance at 80. Looking at volumes
it will break this time and stock can explode
further for 100-120 range.
Risky trade setup.
T1: 85.70
T2: 97
T3: 106
If holds 100+ level stock can boom further
Pretty good trade to take here - Weekly bearish divergence, a possible head and shoulders, and an otherwise boring company.
There's one problem, and one problem exactly : Neither does this stock have futures nor does it have options. Buy and hold only.
I wish I could short this - keeping the call for the fun of it, will revisit next year.
