DD is on a breakout from Rounding Bottom pattern with measured target towards 14~15 range. Also a breakout from its 4-month ascending price channel with a potential breakout target around 12.6.
Immediate support at 10.96/11 (previous resistance prior to breakout that now act as support).
Immediate resistance around 12 (base on Fibonacci extension at 161.8%)
Trading Plan
- Hold for mid to long term position.
- Short term target base on price channel breakout = 12.6.
- Buy on pullback near support.
No comments:
Post a Comment