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Tag Archives: DCTH

$DCTH holding steady as it goes…

$DCTH has me going back and forth in the morning but I eventually stay the course albeit holding only 67% of original position.  Not to be too greedy, I lightening up due to the volatility this morning.

If you look at the 15m chart and the daily chart below, it does look like $DCTH is getting ready for the next leg up.

I may add more if price action takes out intra-day high today.

Below is the 15m chart:

DCTH_15m

Below is the daily chart:DCTH_daily

 

Notice that price action stays on top of the 5 & 15 moving average lines which to me is bullish.

My 2 cents.

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Spike up on $DCTH. Is this for REAL this time?

I certainly hope so!  Did I just use the word “hope”?  Strike that out!  I should say, “Look like it!”

I’m talking about $DCTH.  I bought in this morning because I’m “sure” price has to go back up in light of coming FDA decision in May-June.  So, I’ve been stalking this one everyday and looking to buy back in when I see some movement.  This morning, I saw movement so I bought back in.  Good thing I did.

The question is, “will this spike up hold and continue?”  I’m betting it will by adding more at this level.

Take a look at the daily chart below:

DCTH_daily

 

I was out all morning so I missed the $PACB run-up as well.  You can’t win them all…

My 2 cents.

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Here comes the bounce ($DCTH & $CUR)

The charts below convince me to buy back:

DCTH_daily

 

For $DCTH above, do you see how the price action is now staying above both two support lines.  There is still the catalyst of May FDA respond; so a possible rally still exists.

CUR_daily

 

I like the fact that price action is getting back on top of the down trendline.  Look like it is forming the 3rd wave up.  Remember, the 3rd wave of the Elliott Wave Theory is usually the longest wave of the five waves…

My 2 cents.

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Believe it or not! I bought back $DCTH today.

Simply because the chart says it is stabilizing.

Don’t believe me?

Look at the 3m chart below:

DCTH_3m

Did you see how price action climbed back up above the 89 xma and 79 sma lines?

Now, look at the daily $DCTH chart.

DCTH_daily

Do you see a long-tail underneath that tadpole?  Geez!  Did I just say tadpole?  Anyway, you see my point.  The bull has taken back the force and, as a result, leave a long tail below.  I’ll add more if today high is taking out tomorrow.

My 2 cents.

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Two Surprises and a good beginning

As you all know, I’m shocked deliciously over the weekend when I received the invitation from The Fly to join the interim blogger status.  That is surprise #1.  I’m very honored and I will not disappoint.

My 2nd surprise is my insanely stupid name “tradingmy2cents”.  Hmm, maybe I need to think about that!  or not.  As stupid as it is; if it makes me tick as a blogger or as a trader, then why not?  Someone mentions zencents and I’m tickled by that one!  Hmm… perhaps zen2cents?

The good beginning is that I’ve made a damn good decision jumping back in $DCTH Friday near the market close despite my panic attack earlier in the morning and the fact that I’ve to pay a lot more to get back in after taking a loss during the morning breakdown.  Right now, $DCTH is tracking 10.71% higher for the day and I say this is an auspicious sign.

So, how do I get the nerve to jump back in giving that I’ve to pay more from my earlier entry point even after taking a loss that day?  Well, it all comes down to my years of trials and tribulations in my trading career and I will have many more posts to discuss this as an interim blogger.

I won’t be kicking off with a long interim blogger first post; but I’ll surely going to come up with content to tickle your curiosity.

Please feel free to comment anyway you feel so I can strive to improve.

Thanks again to The Fly for an opportunity of a lifetime.

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We’ve got a runner! $DCTH

I like to see $DCTH fills the gap that was left unfilled since October of last year.  Take a look at the $DCTH daily chart below:

DCTH_daily

So far, $THLD is the only bio-stock that I’ve to cut; otherwise, bio-stock rules today; at least for me.  With biotech, you need to be either quick feet or have iron-fist confidence; in other words, it is highly volatile.

My 2 cents.

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DCTH is breaking out.

I cut my $DCTH position last Friday morning but price action showed strong closing by end-of-day.  This morning, $DCTH gapped up so I decided to jump back in giving that Friday up-bar was a solid break-out from a symmetrical triangle.

I like the fact that today price-action took out the highs of Feb 5th, 2012 and Nov 7th, 2011.

Take a look at the daily $DCTH chart below:

DCTH_daily

There are profit-taking going on now but the momentum still linger as long as price action can stay above the highs of Nov & Feb.

I’ll be watching this one carefully so as not to give back too much profit.

Trade well!

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