The stock has become over-bought rather quickly thanks to the recent rally. The rising price has taken the stock right back up to a rather strong resistance line that developed during that horrible May price plunge.
So what we are seeing now is a price that is over-bought at resistance...that is a sell signal.
Here's the levels I've got in for my clients
Sell (short) DCP (CFD) 33.70/33.95
Stop loss 35.20
Profit target 30.10
So what we are seeing now is a price that is over-bought at resistance...that is a sell signal.
Here's the levels I've got in for my clients
Sell (short) DCP (CFD) 33.70/33.95
Stop loss 35.20
Profit target 30.10