Possible quick 14% gains to be had short term on DCC with tight stop losses Possibly will hit 5c for a retest then who knows... stop loss the trend is your friend! Be tight with stop losses, and if BTC tanks, dump DCC. If you were to keep stop losses tight a 14% move seems likely depending on BTC of course. Not financial advice.
Broke descending wedge which would have been a bullish indicator. DCC passed last support bounce line and looks like it will continue to go down to 13.5c and possibly lower. I'm not factoring the oversold RSI as fundamentally this stock is in danger due to total market sentiment towards crypto. I will not touch this for a while and will be staring on the sidelines.
Broke descending wedge which would have been a bullish indicator. DCC passed last support bounce line and looks like it will continue to go down to 13.5c and possibly lower. I'm not factoring the oversold RSI as fundamentally this stock is in danger due to total market sentiment towards crypto. I would not be buying anytime soon and would be selling if I hadn't already.
DCC has corrected sharply in recent weeks and now appears to be stabilizing in line with the dominant uptrend support line. The bullish divergence on the RSI is another reason to believe that a bounce could be seen in the short term.