Dycom Triple Bullish Convergence/Earning inc!Good evening ladies and gents, this is a risky position to take as earnings are coming in 5 days. Despite earnings which I am personally not taking a position in this because of that reason alone, we are showing triple MacD Bullish Convergence as well as Triple RSI Bullish Convergence on the daily time scale. This asset has an overall good up trend, but bear markets can be gruesome for this asset which is exactly what we saw. You are showing a rounding bottom as well.
Entry targets and Exit Targets are depicted. Exit targets are anywhere in the pink range.
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Dycom
Dycom IndustriesNot taking this formation as a rising wedge due to the volume. Volume does not appear as if it is trending downwards. Also , rising wedge rarely exceeds 3 or 4 months long. Please do not trade this chart :> and as always , all kinds of TAs and FAs are welcomed in the comments . I would also like to point out that I am not confident with the measure for the breakout ( if it does indeed increase I will hold it for awhile :P) , and so I would prefer to trade within the formation at the moment. CHEERS !!!