Can $DDD print itself out of the doldrums?

I like to say it can.

Take a look at the daily $DDD chart below:

DDD_daily

It has a higher high and high low yesterday even though the bar was a red bar (close below open).  Today is an inside bar but a green bar nevertheless.  We have a divergence from the momentum indicator favoring an upside possibility.  I bought a starter position with a stop below yesterday low just in case.  I consider this a low risk trade.

Below weekly chart shows a current green weekly bar near the 61% Fib retracement support level.  Let’s see if the support hold.

DDD_weekly

My 2 cents.



Categories: DDD

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: