|
DGIV will return to $6-$7 fast.If you look at DGIV chart, you can see fast, 5 consecutive days drop from $6 base.From TA point of view it is better to have fast then gradual drop.Because when you have fast drop,they last on average 5 days and then the stock make fast return(one or two days) ,back up($6) and even higher.Besides ,the volume was low,it means that we didn't loose to many people.Also at this point ,all those that got scared, sold already.Now when the stock change direction ,we will have new buyers and day traders(who noticed this drop on charts)and people who sold ,buing and pushing the stock up.Day Traders love this kind of chart pattern,because they get fast ,big returns,in this case at least 50%.Have a great day everyone,Bob......PM. those that are short DGIV know all this,that is the reason we had dr.vee appearing first time after one week and working extra hard to scare us.But, all those that got scared, sold already. |
