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.

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:


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

One comment

  1. zenhunter

    Chart display fixed.

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