iBankCoin

Trading my two cents

Zenhunter
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

DCTH is breaking out.

Zenhunter Mon Mar 4, 2013 3:48pm EST 1 Comment

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!

If you enjoy the content at iBankCoin, please follow us on Twitter

Tags

One comment

  1. zenhunter
    zenhunter
    March 4, 2013 at 5:43 pm

    Chart display fixed.

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy