DPST Long as the banking sector stabilizes
Updated
DPST was down in April, consolidated in May and is now parabolically rising and had a price split
in recent days.On the one hour chart, price is rising along the quickly after a pivot on June 1.
Price is well above the POC line of the intermediate term volume profile showing buyer strength
The relative strength on the RSI indicator is flat over 80. I will take a long trade with a stop
loss at 5% and a take profit at 20%. I will end the trade early if the RSI drops below 75 as a risk
management maneuver. I will be viligent for a correction / retracement because the price is
up more than 10% in one day.
in recent days.On the one hour chart, price is rising along the quickly after a pivot on June 1.
Price is well above the POC line of the intermediate term volume profile showing buyer strength
The relative strength on the RSI indicator is flat over 80. I will take a long trade with a stop
loss at 5% and a take profit at 20%. I will end the trade early if the RSI drops below 75 as a risk
management maneuver. I will be viligent for a correction / retracement because the price is
up more than 10% in one day.
Trade closed: target reached
Share reverse split. Double drop and drop. re-entry after consolidation and new base.Trade closed: target reached
Call options tripled on the pop today- closed 2/3 of them 4 remaining to run.Trade active
I am holding through a pullback and expecting another leg higher. If fed raises 25 basis points will close the trade.
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