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...
