DCM LTDLong
DCM Limited Exhibiting good Price Action.
Risky proposition.
Microcap company.
Exhibiting good Pricie Action.
-Rounding Bottom.
-Darvas Box Breakout
-Breakout with Huge Volume.
-Wide Range Clean candle without any wick
-Dry volume when pulling back.
-Break Away Gap.
We talked about the positives now let's dwell on the negatives.
-Ideal entry missed.
-micro-cap company which increases the risk
One can trade it in 2 ways.
1. Wait for a retest of 113 levels. Add 30%-50% now and add the rest after retesting.
2. Wait for a breakout of 146, which is the ATH.
Keep SL low of the break-out candle.
Selecting this stock mainly for
-The volume
-Good clean candles.
-Break away Gap
I have laid out the possibility. Now it is time for you to do your due diligence. Remember this is a risky trade. Do not trade solely on tips. Enter only if you understand the Risk, the price action and the company.
Peace...
Microcap company.
Exhibiting good Pricie Action.
-Rounding Bottom.
-Darvas Box Breakout
-Breakout with Huge Volume.
-Wide Range Clean candle without any wick
-Dry volume when pulling back.
-Break Away Gap.
We talked about the positives now let's dwell on the negatives.
-Ideal entry missed.
-micro-cap company which increases the risk
One can trade it in 2 ways.
1. Wait for a retest of 113 levels. Add 30%-50% now and add the rest after retesting.
2. Wait for a breakout of 146, which is the ATH.
Keep SL low of the break-out candle.
Selecting this stock mainly for
-The volume
-Good clean candles.
-Break away Gap
I have laid out the possibility. Now it is time for you to do your due diligence. Remember this is a risky trade. Do not trade solely on tips. Enter only if you understand the Risk, the price action and the company.
Peace...
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.