DFM : DIB - Trade Plan - Good Bounce at Fibonacci RetracementGood Day, Traders!
The Stock DIB at #DFM bounced twice from Golden Ratio of Fibonacci Retracement after providing dividend. This makes the golden ratio a respectable support. The stock is expected to rise from here with few corrections. We may have a profit taking opportunity. Good volumes further enforces this idea. The trade maybe taken now if not taken earlier. Below is a trade plan:
Trade Plan:
Buy: 7.00
Stop Loss: 6.42
Take Profits: 7.68 & 7.92
Happy Trading!