DQ heads up into $19: Major Resistance to book some profits

7 Jul

DQ has been flying off our bottom call (see below).
Now testing a major resistance zone at $18.69-18.99
Good spot to book some profits and look for a dip to buy.

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Previous analysis that called the BOTTOM:

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28 Jul

Dagangan aktif

Houston: We have IGNTION (yellow shaded area is from posting time)

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Closer look with notes:

Initially rejected from our Zone as expected.
Then we got a Break followed by a sloppy retest.
But, got a PING entry on top bound, $19.01 buy.

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What next?

Looking for one more TP at $26.61
OR we get our Stops taken at $20.89
We have 11%, 19%, 31% gains locked
Now looking for 40% or 9% on last portion.

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