DCM Limited Exhibiting good Price Action.

8 часов назад

Risky proposition.

Microcap company.

Exhibiting good Pricie Action.

-Rounding Bottom.
-Darvas Box Breakout
-Breakout with Huge Volume.
-Wide Range Clean candle without any wick
-Dry volume when pulling back.
-Break Away Gap.
We talked about the positives now let's dwell on the negatives.

-Ideal entry missed.
-micro-cap company which increases the risk

One can trade it in 2 ways.

1. Wait for a retest of 113 levels. Add 30%-50% now and add the rest after retesting.
2. Wait for a breakout of 146, which is the ATH.

Keep SL low of the break-out candle.

Selecting this stock mainly for

-The volume
-Good clean candles.
-Break away Gap

I have laid out the possibility. Now it is time for you to do your due diligence. Remember this is a risky trade. Do not trade solely on tips. Enter only if you understand the Risk, the price action and the company.

Peace...