Caught myself a falling knife without getting cut! Look at the multiple time frames of DNDN chart. Good support, good momentum indicator coming up from below. After aligning my sight to the knife, I clapped both hands and caught it.
This is not a recommendation to buy DNDN. DNDN is a highly volatile stock with a strong tendency to overshoot. It is simply that I like to catch falling knife with a good story. If there is no follow-thru tomorrow, I may just take my profit and run; but if the run continue, I’m hanging on for the ride…
Edit: Btw, since I caught the knife near support, my risk level is low. My protective stop is a few ticks below the previous pivot low.If you enjoy the content at iBankCoin, please follow us on Twitter